About Aic Infrastructures Private Limited
Data last updated:
Aic Infrastructures Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the airport infrastructure and development segment of the infrastructure and utilities sector. It was incorporated on 21 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2014PTC259591. Its GSTIN is 27AANCA1070A1Z5 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Kritarth Dayalji Raja (Managing Director) and Dharti Kritarth Raja.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹466.05 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹27.98 Cr (net margin 6%) and EBITDA of ₹66.84 Cr (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 12% over five years.
The company has about 122 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹396.18 Cr and satisfied charges of ₹338.81 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company; 2 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in March 2023. Its 10 peer companies in the Infrastructure industry (Airports) are compared by revenue, 5 larger and 5 smaller; the largest is Cochin International Airport Limited with revenue of ₹1,402.3 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aicinfra.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 01/101 Krishna Apartment C.D Barfiwala Road, Juhu Lane Andheri West, Mumbai, Maharashtra, India – 400058
- IndustryInfrastructure and Utilities, Airport Infrastructure & Development
- 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 Aic Infrastructures Private Limited
The main business activity of Aic Infrastructures is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | 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 Aic Infrastructures Private Limited FY 2025 filings available
Aic Infrastructures Private Limited reported revenue of ₹466.05 Cr (up 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aic Infrastructures Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 55% growth in the latest year. EBITDA rose 46% 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 Aic Infrastructures 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 | ₹66.84 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.98 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 Aic Infrastructures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6% | •••• | •••• | •••• | •••• |
| 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 Aic Infrastructures 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 Aic Infrastructures Private Limited
Aic Infrastructures Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Airports). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cochin International Airport Limited | ₹1,402.3 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Ernakulam, Kerala, India |
| GMR Corporate Services Limited | ₹1,056.48 Cr (FY 2021) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Ahmedabad International Airport Limited | ₹762.16 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Ahmedabad, Gujarat, India |
| Megawide Infrastructure India Private Limited | ₹554.4 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Tiswadi, Goa, India |
| Lucknow International Airport Limited | ₹527.54 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Ahmedabad, Gujarat, India |
| Aic Infrastructures Private Limited this company | ₹466.05 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Mumbai, Maharashtra, India |
| GMR Goa International Airport Limited | ₹436.97 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Pernem, Goa, India |
| TRV (Kerala) International Airport Limited | ₹406.82 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Ahmedabad, Gujarat, India |
| Maharashtra Airport Development Company Limited | ₹381.11 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Jaipur International Airport Limited | ₹336.24 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Ahmedabad, Gujarat, India |
| Guwahati International Airport Limited | ₹313.88 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Aic Infrastructures by revenue in the Infrastructure industry (Airports), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Aic Infrastructures Private Limited
Aic Infrastructures has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kritarth Dayalji Raja Also directs: Aicpl Inframix LLP, Wide Exim Private Limited, Aicpl Realty Private Limited and 1 more | Managing Director | 21 Nov 2014 | 11 Years 10 Months | Current |
| Dharti Kritarth Raja Also directs: Aicpl Realty Private Limited, Accesscast India Private Limited | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
| Sagar Nimish Desai Also directs: Aicpl Inframix LLP, Netobyte India Private Limited, Accesscast India Private Limited and 1 more | Director | 03 Apr 2023 | 3 Years 6 Months | Current |
Ownership and Shareholding of Aic Infrastructures 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 Aic Infrastructures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2025 | Others | ₹3 Cr | Open |
| 30 Jun 2025 | Others | ₹1.4 Cr | Open |
| 23 Jun 2025 | Others | ₹15 Cr | Open |
| 21 Mar 2025 | Others | ₹60 Cr | Open |
| 06 Mar 2025 | Others | ₹40 Cr | Open |
Total charge records: 49 View all charges
Deals & Funding of Aic Infrastructures Private Limited
Aic Infrastructures Private Limited has 5 deals on record (5 secondary share transfers); the latest was in March 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Aic Infrastructures Private Limited
Aic Infrastructures Private Limited has 3 court cases on record: 1 filed by Aic Infrastructures, 2 where it is another party. 2 cases are pending and 1 is disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax Circle 1 1 1 Mumbai | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Company is another party | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Company is another party | Disposed |
Full case history
All 3 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.
Employees and EPFO Compliance at Aic Infrastructures Private Limited
Aic Infrastructures Private Limited has a workforce of 122 employees as of Mar 23, 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.
Group Structure of Aic Infrastructures Private Limited
Aic Infrastructures has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Netobyte India Private Limited | U72900MH2013PTC250319 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Aic Infrastructures Private Limited
Aic Infrastructures Private Limited has 7 board changes on record since 2014: 5 appointments and 2 cessations. The latest: Sagar Nimish Desai was appointed as Director on 03 Apr 2023.
92 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aic Infrastructures 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.
MSME Payment Delays by Aic Infrastructures Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aic Infrastructures 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 Aic Infrastructures Private Limited
Aic Infrastructures has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA1070A1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 29AANCA1070A1Z1 | Karnataka | Active | 03 Mar 2020 |
| 24AANCA1070A1ZB | Gujarat | Active | 29 Oct 2021 |
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 Aic Infrastructures 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 Aic Infrastructures Private Limited
Aic Infrastructures is an active private limited company based in Mumbai, Maharashtra, India. The company works in airport infrastructure and development, within the infrastructure and utilities industry. It was incorporated on 21 November 2014 (12+ years old) and is registered under CIN U45400MH2014PTC259591.
Aic Infrastructures reported revenue of ₹466.05 Cr for FY 2025 (up 55% YoY).
Aic Infrastructures has 3 current directors:
- Kritarth Dayalji Raja - Managing Director
- Dharti Kritarth Raja - Director
- Sagar Nimish Desai - Director
Aic Infrastructures reported a net profit of ₹27.98 Cr (net margin 6%) and EBITDA of ₹66.84 Cr (EBITDA margin 14.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aic Infrastructures is 25% over three years and 12% over five years. In the latest year (FY 2025) revenue rose 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aic Infrastructures is 27AANCA1070A1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AANCA1070A1Z1 (Karnataka), 24AANCA1070A1ZB (Gujarat).
The CIN (Corporate Identification Number) of Aic Infrastructures is U45400MH2014PTC259591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aic Infrastructures has 3 court cases on record: 1 filed by the company. 2 are pending. Most are in the district courts.
Aic Infrastructures was incorporated on 21 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Aic Infrastructures has 5 deals on record (5 secondary share transfers); the latest was in March 2023.
The peers of Aic Infrastructures by revenue are Cochin International Airport Limited, GMR Corporate Services Limited, Ahmedabad International Airport Limited, Megawide Infrastructure India Private Limited, Lucknow International Airport Limited and 5 more, all in the Infrastructure industry (Airports).