About Asipac Projects Private Limited
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Asipac Projects Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the engineering sector. It was incorporated on 29 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PTC017897. Its GSTIN is 29AADCA2470Q1Z8 (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.72 Cr. It was formerly known as Asipac Project Consulting Services Private Limited. It is led by directors including Ritu Bagaria and Amit Bagaria.
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 No.3787 13th Main 8th Cross Hal II Stage, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.97 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹31.23 Lakh (net margin -156.4%) and EBITDA of -₹29.81 Lakh (EBITDA margin -149.3%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 11% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Antonio Sipac. As per MCA filings, the company has satisfied charges of ₹1 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asipac.com.
Company details
Contact details
Asipac Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is asipac.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.3787 13th Main 8th Cross Hal II Stage, Bangalore, Karnataka, India – 560008
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Asipac Projects 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
Brands
Asipac Projects operates one associated brand: Antonio Sipac. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are developed in Bengaluru. | asipac.com |
Business activity
The main business activity of Asipac Projects is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
Financials of Asipac Projects Private Limited
FY 2025 filings availableAsipac Projects Private Limited reported revenue of ₹19.97 Lakh (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 30% fall in the latest year. EBITDA fell 333% 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 | -₹29.81 Lakh | ||||
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| Net Profit (PAT) | -₹31.23 Lakh | ||||
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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 | -149.3% | ||||
| Net Profit Margin | -156.4% | ||||
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To see the full financial statements and ratios of Asipac Projects Private Limited, buy the company report.
Board of directors of Asipac Projects Private Limited
Asipac Projects 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 |
|---|---|---|---|---|
| Ritu Bagaria | Director | 29 May 1995 | 31 Years 5 Months | Current |
| Amit Bagaria Also directs: Arus Properties LLP, Buildwell India LLP, Assur Infrastructure and Advisory LLP and 2 more | Director | 29 May 1995 | 31 Years 5 Months | Current |
| Urvi Bagaria | Additional Director | 13 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Asipac Projects Private Limited is audited by MAHESHWARI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESHWARI & ASSOCIATES | FY 2021 | 311008E |
Shareholding
The shareholding of Asipac Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asipac Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2013 | 10466224 | Kotak Mahindra Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Asipac Projects Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Asipac Projects Private Limited has 5 court cases on record: 2 filed by Asipac Projects, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Court case (AA) | Filed against the company by Satyam Cineplexes Limited | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by Satyam Cineplexes Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Radha Realty Corp India Pvt Ltd. and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Asipac Projects 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
Asipac Projects Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Benir E Store Solutions Private Limited |
To see the full MSME payment records of Asipac Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asipac Projects Private Limited has a workforce of 1 employees on its EPFO records as of Jan 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Asipac Projects Private Limited, buy the company report.
GST
Asipac Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCA2470Q1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asipac Projects Private Limited, buy the company report.
Recent activity
Asipac Projects Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Urvi Bagaria was appointed as Additional Director on 13 Feb 2025.
Frequently asked questions
Asipac Projects is an active private limited company based in Bangalore, Karnataka, India. The company works in the engineering industry. It was incorporated on 29 May 1995 (31+ years old) and is registered under CIN U85110KA1995PTC017897.
Asipac Projects has 3 current directors:
- Ritu Bagaria - Director
- Amit Bagaria - Director
- Urvi Bagaria - Additional Director
The latest financial statements of Asipac 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 Asipac Projects is 29AADCA2470Q1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Asipac Projects is U85110KA1995PTC017897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asipac Projects has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the district courts.
Asipac Projects was incorporated on 29 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Urvi Bagaria was appointed as Additional Director on 13 Feb 2025. Ratan Jalan Kumar ceased to be Director on 10 Jul 2014. Sanjay Bansal ceased to be Whole-Time Director on 31 Aug 2008. Asipac Projects has 5 board changes on record in total.
Asipac Projects has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 18 May 2020.
Asipac Projects can be reached through the website asipac.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Asipac Projects is at No.3787 13th Main 8th Cross Hal II Stage, Bangalore, Karnataka, India – 560008.
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