About Ainwesha Engineering & Projects Limited
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Ainwesha Engineering & Projects Limited is a public limited company based in Vadodara, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the engineering, procurement and construction (epc) segment of the engineering sector. It was incorporated on 20 May 1998.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ1998PLC034128. Its GSTIN is 20AABCA9599A1ZX (Jharkhand). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹4.87 Cr. It was formerly known as Anwesha Comtech Engineering Limited and Anwesha Engineering & Projects Limited. It is led by directors including Anuj Bajpai (Irp/Rp/Liquidator) and Ram Kishore Khubchandani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Anweshahousesenatesquare A – Tower Vudaroad Gotri, Vadodara, Gujarat, India – 390021.
As per the financials filed for FY 2020, the company reported a revenue of ₹85.55 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹67.16 Cr (net margin -78.5%) and EBITDA of -₹33.28 Cr (EBITDA margin -38.9%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 31% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.33 Cr and satisfied charges of ₹543.86 Cr on record. Court records list 80 cases involving the company, including 36 filed by the company and 44 filed against it; 8 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in March 2017. Its 4 peer companies in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities) are compared by revenue, 1 larger and 3 smaller; the largest is Central India Engineering Private Limited with revenue of ₹90.68 Cr.
The last known website on record is anwesha.co.in.
Company details
Name history
Ainwesha Engineering & Projects has undergone 5 name changes throughout its history. The current legal name is Ainwesha Engineering & Projects Limited.
| Company Name | Status |
|---|---|
| Ainwesha Engineering & Projects Limited | Current |
| Anwesha Comtech Engineering Limited | Previous |
| Anwesha Engineering & Projects Limited | Previous |
| Iot Anwesha Engineering & Construction Limited | Previous |
| Anwesha Comtech Engineering Limited | Previous |
| Anwesha Comtech Engineering Private Limited | Previous |
CIN history
Ainwesha Engineering & Projects has one previous CIN (Corporate Identification Number): U29199GJ1998PTC034128. The current CIN is U29199GJ1998PLC034128, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29199GJ1998PLC034128 | Current |
| U29199GJ1998PTC034128 | Previous |
Contact details
Ainwesha Engineering & Projects Limited's registered office is in Vadodara, Gujarat. Its website is anwesha.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressAnweshahousesenatesquare A – Tower Vudaroad Gotri, Vadodara, Gujarat, India – 390021
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Ainwesha Engineering & Projects 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 Ainwesha Engineering & Projects are construction and manufacturing. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities and metal and metal products. 2 activity segments are registered with the MCA.
| 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 | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ainwesha Engineering & Projects Limited, buy the company report.
Financials of Ainwesha Engineering & Projects Limited
FY 2020 filings availableAinwesha Engineering & Projects Limited reported revenue of ₹85.55 Cr (down 56% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 56% fall in the latest year. EBITDA fell 246% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹85.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹33.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹67.16 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 | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -38.9% | ||||
| Net Profit Margin | -78.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Ainwesha Engineering & Projects Limited, buy the company report.
Board of directors and KMP of Ainwesha Engineering & Projects Limited
Ainwesha Engineering & Projects Limited currently reports 4 directors and 4 key managerial personnel. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpaksingh Deepaksingh Chavan | Ceo | 25 Jun 2020 | 6 Years 4 Months | As last reported |
| Ram Kishore Khubchandani Also directs: Keyrock Homes LLP, Eil Arms and Ammunition Limited, Inderdeep Infra India Limited and 5 more | Additional Director | 26 Sep 2023 | 3 Years 1 Months | As last reported |
| Nicky Ashokkumar Khubchandani Also directs: Inderdeep Infra India Limited, Eiil Eco-Textile Park Private Limited, Eagle-Hydro H2 Energies Private Limited and 3 more | Additional Director | 26 Sep 2023 | 3 Years 1 Months | As last reported |
| Kishore Girdharilal Khubchandani Also directs: Keyrock Homes LLP, Inderdeep-Greentech Intelligent Highways LLP, Inderdeep-Vaaan Infra Projects LLP and 5 more | Additional Director | 09 Oct 2023 | 3 Years 0 Months | As last reported |
| Dharmendrabhai Ramabhai Bhaliya | Company Secretary | 02 Dec 2020 | 5 Years 10 Months | As last reported |
| Dipak Kumar Sarkar Also directs: DSVS Engineering & Projects Private Limited | Ceo | 24 May 2018 | 8 Years 5 Months | As last reported |
Peer comparison
Ainwesha Engineering & Projects Limited is compared with the 4 companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Central India Engineering Private Limited | ₹90.68 Cr (FY 2025) | 6.0% | Nagpur, Maharashtra, India | |||
| Albanna Engineering (India) Private Limited | ₹87.98 Cr (FY 2016) | 407.0% | Kochi, Kerala, India | |||
| Protective General Engineering Private Limited | ₹87.64 Cr (FY 2024) | 67.0% | Jamshedpur, Jharkhand, India | |||
| Sai GR Impex Private Limited | ₹87.04 Cr (FY 2025) | 502.0% | Delhi, India | |||
| Ainwesha Engineering & Projects Limitedthis company | ₹85.55 Cr (FY 2020) | -₹67.16 Cr | -78.5% | -56.0% | 30 | Vadodara, Gujarat, India |
To see the full peer comparison of Ainwesha Engineering & Projects Limited, buy the company report.
Auditor
Ainwesha Engineering & Projects Limited is audited by SREERAM & JAGAN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SREERAM & JAGAN | FY 2020 | 124940W |
Shareholding
The shareholding of Ainwesha Engineering & Projects Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ainwesha Engineering & Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2015 | 10599321 | Hdfc Bank Limited | ₹49.69 Lakh | Open | |
| 18 Aug 2015 | 10590620 | Hdfc Bank Limited | ₹26.7 Lakh | Open | |
| 09 Jan 2007 | 10034090 | State Bank of India | ₹4 Lakh | Open | |
| 20 Oct 2006 | 10024005 | State Bank of India | ₹4.9 Lakh | Open | |
| 24 Apr 2002 | 90106620 | State Bank of India | ₹1.45 Cr | Open |
To see the full charge records of Ainwesha Engineering & Projects Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Ainwesha Engineering & Projects Limited has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in March 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Indianoil Adani Ventures Limited |
| Mar 2017 | Acquisition | ₹4.57 Cr | Buyer: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Indianoil Adani Ventures Limited , an individual |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Indianoil Adani Ventures Limited , an individual Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ainwesha Engineering & Projects Limited has 80 court cases on record: 36 filed by Ainwesha Engineering & Projects, 44 filed against it. 8 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 25 | 7 |
| High courts | 29 | 8 | 1 |
| NCLT | 22 | 11 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Essar Steel India Ltd, Through Its Autho. Representative- Mr. Bhavesh Modi | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against M/S. Insteel Engineering Pvt. Ltd. and Anr | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Allcargo Logistics Limited Through Deputy Manager Mr. Sunil Jha | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Rajradhe Finance Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Hindustan Petroleum Corporation Limited | Disposed |
To see the full case history of Ainwesha Engineering & 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.
Credit ratings & regulatory alerts
Ainwesha Engineering & Projects Limited was last rated by Indiarating on 04 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 04 Jun 2021 |
To see the full credit ratings and regulatory alerts of Ainwesha Engineering & Projects Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ainwesha Engineering & Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ainwesha Engineering & Projects Limited has a workforce of 30 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Ainwesha Engineering & Projects has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AABCA9599A1ZX | Jharkhand | Active | 01 Jul 2017 |
| 23AABCA9599A1ZR | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AABCA9599A1ZJ | Maharashtra | Active | 01 Jul 2017 |
| 29AABCA9599A1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ainwesha Engineering & Projects Limited, buy the company report.
Recent activity
Ainwesha Engineering & Projects Limited has 31 board changes on record since 2008: 8 appointments and 23 cessations. The latest: Anuj Bajpai was appointed as Irp/Rp/Liquidator on 21 Aug 2024.
65 earlier events are in the company report.
Frequently asked questions
Ainwesha Engineering & Projects is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ainwesha Engineering & Projects is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in engineering, procurement and construction (epc), within the engineering industry. It was incorporated on 20 May 1998 and is registered under CIN U29199GJ1998PLC034128. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ainwesha Engineering & Projects has 8 current directors and KMP:
- Ram Kishore Khubchandani - Additional Director
- Nicky Ashokkumar Khubchandani - Additional Director
- Kishore Girdharilal Khubchandani - Additional Director
- Pushpaksingh Deepaksingh Chavan - Ceo
- Dharmendrabhai Ramabhai Bhaliya - Company Secretary
- Dipak Kumar Sarkar - Ceo
- Anuj Bajpai - Irp/Rp/Liquidator
- Deepak Joshi - Cfo
The latest financial statements of Ainwesha Engineering & Projects on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ainwesha Engineering & Projects is U29199GJ1998PLC034128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ainwesha Engineering & Projects has open charges of ₹2.33 Cr and satisfied charges of ₹543.86 Cr as per latest MCA filings.
Ainwesha Engineering & Projects has 80 court cases on record: 36 filed by the company and 44 filed against it. 8 are pending. Most are in the district courts.
Ainwesha Engineering & Projects was incorporated on 20 May 1998. It is registered with the Registrar of Companies, Ahmedabad.
Ainwesha Engineering & Projects has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in March 2017.
The peers of Ainwesha Engineering & Projects by revenue are Central India Engineering Private Limited, Albanna Engineering (India) Private Limited, Protective General Engineering Private Limited, Sai GR Impex Private Limited, all in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities).
Anuj Bajpai was appointed as Irp/Rp/Liquidator on 21 Aug 2024. Dipak Kumar Sarkar ceased to be Director on 11 Oct 2023. Minesh Natubhai Patel ceased to be Additional Director on 11 Oct 2023. Ainwesha Engineering & Projects has 31 board changes on record in total.
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