About Ajwa Projects Limited
Data last updated:
Ajwa Projects Limited is a public limited company based in Surat, Gujarat, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 12 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45200GJ2011PLC064399. Its GSTIN is 24AAJCA3093P1Z9 (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10.11 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Ajwa Projects Private Limited. It is led by directors including Mohammed Kurshid Alam Khan (Managing Director) and Zarinabegum Khurshid Alam Khan (Whole-Time Director).
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 M/71 Silver Spring Near Bhulkabhavan School Adajan, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.87 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹3.28 Cr (net margin 8.9%) and EBITDA of ₹6.73 Cr (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 22% over five years.
The company has about 255 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.57 Cr and satisfied charges of ₹8.8 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 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 ajwaprojects.com.
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- Registered AddressM/71 Silver Spring Near Bhulkabhavan School Adajan, Surat, Gujarat, India – 395009
- IndustryEngineering, Metal Foundry & Fabrication 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
CIN History of Ajwa Projects Limited
Ajwa Projects has one previous CIN (Corporate Identification Number): U45200GJ2011PTC064399. The current CIN is U45200GJ2011PLC064399, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200GJ2011PLC064399 | Current |
| U45200GJ2011PTC064399 | Previous |
Business Activity of Ajwa Projects Limited
The main business activity of Ajwa Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction 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.
Board of Directors of Ajwa Projects Limited
Ajwa Projects has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Riyazrafiq Padela Also directs: R. P. Prints Private Limited | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Mihirkumar Atulbhai Sojitra Also directs: Pace E-Commerce Ventures Limited, Believe International Limited | Director | 02 Jun 2025 | 1 Years 4 Months | Current |
| Mohammed Kurshid Alam Khan | Managing Director | 12 Mar 2011 | 15 Years 6 Months | Current |
| Zarinabegum Khurshid Alam Khan | Whole-Time Director | 12 Mar 2011 | 15 Years 6 Months | Current |
| Vidhi Ankit Pala Also directs: Indo Euro Indchem Limited | Director | 02 Jun 2025 | 1 Years 4 Months | Current |
| Rizwan Mazib Khan | Director | 28 Apr 2025 | 1 Years 5 Months | Current |
Financials of Ajwa Projects Limited FY 2025 filings available
Ajwa Projects Limited reported revenue of ₹36.87 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ajwa Projects Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 7% growth in the latest year. EBITDA rose 16% 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 Ajwa Projects 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 | ₹6.73 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.28 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 Ajwa Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.9% | •••• | •••• | •••• | •••• |
| 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 Ajwa Projects 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.
Charges & Borrowings of Ajwa Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Sep 2023 | Others | ₹15.63 Lakh | Open |
| 20 May 2022 | Others | ₹5 Cr | Open |
| 20 May 2022 | Others | ₹41.1 Lakh | Open |
| 01 Oct 2020 | Others | ₹54.8 Lakh | Satisfied |
| 09 May 2017 | Others | ₹3.5 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Ajwa Projects Limited
Employment history and EPFO contributions of people linked to Ajwa Projects.
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.
GST Compliance of Ajwa Projects Limited
Ajwa Projects has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA3093P1Z9 | Gujarat | Active | 01 Jul 2017 |
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.
Legal Cases of Ajwa Projects Limited
Ajwa Projects Limited has 3 court cases on record: 1 filed by Ajwa Projects, 2 filed against it. 2 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| NCLAT | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by B D Gupta and Sons Private Limited | Pending |
| NCLAT, New Delhi | Insolvency matter | Filed by the company against Epc Construction India Ltd and 3 others | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | 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.
Credit Ratings, Litigation & Regulatory Alerts for Ajwa Projects 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 Ajwa Projects 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 Ajwa Projects 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.
MCA Filings & Documents of Ajwa Projects 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.
Recent Activity on Ajwa Projects Limited
Frequently Asked Questions about Ajwa Projects Limited
Ajwa Projects is an active public limited company based in Surat, Gujarat, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 12 March 2011 (15+ years old) and is registered under CIN U45200GJ2011PLC064399.
Ajwa Projects reported revenue of ₹36.87 Cr for FY 2025 (up 7% YoY).
Ajwa Projects has 6 current directors:
- Mohammed Kurshid Alam Khan - Managing Director
- Zarinabegum Khurshid Alam Khan - Whole-Time Director
- Riyazrafiq Padela - Director
- Mihirkumar Atulbhai Sojitra - Director
- Vidhi Ankit Pala - Director
- Rizwan Mazib Khan - Director
Ajwa Projects reported a net profit of ₹3.28 Cr (net margin 8.9%) and EBITDA of ₹6.73 Cr (EBITDA margin 18.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ajwa Projects is 17% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ajwa Projects is 24AAJCA3093P1Z9, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ajwa Projects is U45200GJ2011PLC064399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajwa Projects has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Ajwa Projects was incorporated on 12 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.