MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0019414
Ajwa Projects Limited - engineering in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹36.87 Cr
▲ 7% YoY
Net profit · FY 2025
₹3.28 Cr
Net margin 8.9%
EBITDA · FY 2025
₹6.73 Cr
EBITDA margin 18.3%
Authorised capital
₹10.11 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹5.57 Cr
Satisfied ₹8.8 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
255
Provident fund records
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.
Ajwa Projects Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0019414). 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.
Company details
CIN U45200GJ2011PLC064399
Registration Number 064399
Incorporation Date 12 March 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0019414
CIN history
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 |
Key People
Mohammed Kurshid Alam Khan Managing Director Zarinabegum Khurshid Alam Khan Whole-Time Director Riyazrafiq Padela Director Recognitions & Rankings of Ajwa Projects
Contact details
Ajwa Projects Limited's registered office is in Surat, Gujarat.
- Registered AddressM/71 Silver Spring Near Bhulkabhavan School Adajan, Surat, Gujarat, India – 395009
- IndustryEngineering, Metal Foundry & Fabrication Services
Comprehensive company report
Ajwa Projects Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Ajwa Projects Limited, buy the company report.
Financials of Ajwa Projects Limited
FY 2025 filings availableAjwa Projects Limited reported revenue of ₹36.87 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹36.87 Cr ▲ 7%
Net profit · FY 2025
₹3.28 Cr margin 8.9%
EBITDA · FY 2025
₹6.73 Cr margin 18.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 17%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 64%
5 years · compounded
▲ 47%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹6.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.28 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Ajwa Projects Limited, buy the company report.
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.
Current Directors
| 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 | Director | 02 Jun 2025 | 1 Years 4 Months | Current |
| Mohammed Kurshid Alam Khan | Managing Director | 12 Mar 2011 | 15 Years 7 Months | Current |
| Zarinabegum Khurshid Alam Khan | Whole-Time Director | 12 Mar 2011 | 15 Years 7 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 |
Charges & borrowings
Open charges
₹5.57 Cr
Satisfied charges
₹8.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2023 | 100795387 | Others | ₹15.63 Lakh | Open | |
| 20 May 2022 | 100580123 | Others | ₹5 Cr | Open | |
| 20 May 2022 | 100580522 | Others | ₹41.1 Lakh | Open | |
| 01 Oct 2020 | 100379339 | Others | ₹54.8 Lakh | Satisfied | |
| 09 May 2017 | 100130586 | Others | ₹3.5 Cr | Satisfied |
To see the full charge records of Ajwa Projects Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
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.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
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 Pvt Ltd | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Epc Construction India Ltd & Ors and 2 others | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Ajwa Projects Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Ajwa Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajwa Projects has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA3093P1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajwa Projects Limited, buy the company report.
Recent activity
Ajwa Projects Limited has 9 board changes on record since 2011: 6 appointments and 3 cessations. The latest: Riyazrafiq Padela was appointed as Director on 01 Aug 2025.
AGM
Ajwa Projects Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Riyazrafiq Padela was appointed as Director.
Appointed
Mihirkumar Atulbhai Sojitra was appointed as Director.
Appointed
Vidhi Ankit Pala was appointed as Director.
Appointed
Rizwan Mazib Khan was appointed as Director.
Filing
Ajwa Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100795387 was registered on 05 Sep 2023.
Ceased
Gyasuddin Hanif Khan ceased to be Managing Director.
Charges
A charge registered on 01 Oct 2020 via Charge ID 100379339 with Others was fully satisfied on 15 Jun 2022.
Charges
A charge registered on 09 May 2017 via Charge ID 100130586 with Others was fully satisfied on 15 Jun 2022.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100580123 was registered on 20 May 2022.
Charges
A charge with Others amounted to Rs. 0.41 Cr with Charge ID 100580522 was registered on 20 May 2022.
12 earlier events are in the company report.
Frequently asked questions
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 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
The latest financial statements of Ajwa Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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.
Riyazrafiq Padela was appointed as Director on 01 Aug 2025. Mihirkumar Atulbhai Sojitra was appointed as Director on 02 Jun 2025. Vidhi Ankit Pala was appointed as Director on 02 Jun 2025. Ajwa Projects has 9 board changes on record in total.
Yes, Ajwa Projects is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0019414).
Ajwa Projects can be reached through the website ajwaprojects.com. Its registered office is in Surat, Gujarat, India.