About Alsina Formwork (India) Private Limited
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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 27 cases involving the company, including 25 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.
Company details
Contact details
Alsina Formwork (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is alsina.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Alsina Formwork (India) 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Alsina Formwork (India) Private Limited, buy the company report.
Financials of Alsina Formwork (India) Private Limited
FY 2025 filings availableAlsina Formwork (India) Private Limited reported revenue of ₹149.66 Cr (up 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹30.88 Cr | ||||
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| Net Profit (PAT) | ₹9.39 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 20.6% | ||||
| Net Profit Margin | 6.3% | ||||
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To see the full financial statements and ratios of Alsina Formwork (India) Private Limited, buy the company report.
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 11 Months | Current |
| Jose Oliva Alsina | Director | 19 Aug 2014 | 12 Years 2 Months | Current |
| Jaime Casalduero Alsina | Director | 23 Jul 2014 | 12 Years 3 Months | Current |
Auditor
Alsina Formwork (India) Private Limited is audited by R. K. Khanna & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. K. Khanna & Associates | FY 2023 | 105082W |
Shareholding
The shareholding of Alsina Formwork (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Alsina Formwork (India) Private Limited, buy the company report.
Legal cases
Alsina Formwork (India) Private Limited has 27 court cases on record: 25 filed by Alsina Formwork (India), 2 filed against it. 7 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 0 | 6 |
| High courts | 7 | 2 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Kumkum Buildcon Pvt.Ltd. and Anr. and 1 other | 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 | Interim or miscellaneous application | Filed by the company against Kumkum Buildcon Pvt.Ltd. and Anr. | Pending |
| High Court, MAHARASHTRA | Court case (CRR) | Filed by the company against Kumkum Buildcon Pvt.Ltd. and Anr. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Vijay Nirman Company Private Limited | Pending |
To see the full case history of Alsina Formwork (India) Private 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
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 |
To see the full MSME payment records of Alsina Formwork (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Alsina Formwork (India) Private Limited has a workforce of 39 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Alsina Formwork (India) Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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) has 3 current directors:
- Lalit Shantaram Pandav - Director
- Jose Oliva Alsina - Director
- Jaime Casalduero Alsina - Director
The latest financial statements of Alsina Formwork (India) 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 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 27 court cases on record: 25 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.
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.
Alsina Formwork (India) can be reached through the website alsina.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Alsina Formwork (India) is at C – 202 2nd Floor Neelkanth Business Park Next To Vidhyavihar Railway Station Vidhyavi, Har West, Mumbai, Maharashtra, India – 400086.