About Backbone Projects Limited
Data last updated:
Backbone Projects Limited is a public limited company based in Rajkot, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 06 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U92199GJ1995PLC028326. Its GSTIN is 08AABCB1582E1ZZ (Rajasthan). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.55 Cr. It was formerly known as Backbone Projects Private Limited. It is led by directors including Sonalben Jayantibhai Jakasania (Whole-Time Director) and Jayantilal Mahadev Jakasania (Person Incharge).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 'Dhanvir' Nr. Ekta Jalaram Pl – 2st – 9 University Road, Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2025, the company reported a revenue of ₹20 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹75.58 Lakh (net margin 3.8%) and EBITDA of ₹99.61 Lakh (EBITDA margin 5%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 12% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.67 Cr and satisfied charges of ₹96.53 Cr on record. Court records list 91 cases involving the company, including 51 filed by the company and 34 filed against it; 3 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2007. Its 10 peer companies in the Infrastructure industry (Construction Services) are compared by revenue, 5 larger and 5 smaller; the largest is Excel Infrapower Private Limited with revenue of ₹20.04 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website backboneprojects.com.
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- Website
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- Registered Address'Dhanvir' Nr. Ekta Jalaram Pl – 2st – 9 University Road, Rajkot, Gujarat, India – 360005
- IndustryInfrastructure and Utilities, General Construction 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
Business Activity of Backbone Projects Limited
The main business activity of Backbone Projects is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | 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.
Financials of Backbone Projects Limited FY 2024 filings available
Backbone Projects Limited reported revenue of ₹20 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Backbone Projects Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 11% fall in the latest year. EBITDA rose 706% 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 Backbone 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 | ₹99.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹75.58 Lakh | •••• | •••• | •••• | •••• |
| 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 Backbone Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 Backbone 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.
Peer Comparison of Backbone Projects Limited
Backbone Projects Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Excel Infrapower Private Limited | ₹20.04 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Jodhpur, Rajasthan, India |
| SBCC Projects (OPC) Private Limited | ₹20.03 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Bhubaneswar, Odisha, India |
| Aran Projects Private Limited | ₹20.03 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | New Delhi, Delhi, India |
| Welstand Infracon Private Limited | ₹20 Cr (FY 2025) | •••• | •••• | 135.0% | •••• | Hyderabad, Telangana, India |
| Ariisto Realtors Development Private Limited | ₹20 Cr (FY 2025) | •••• | •••• | 221.0% | •••• | Mumbai, Maharashtra, India |
| Backbone Projects Limited this company | ₹20 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Rajkot, Gujarat, India |
| Pranir Infracon Private Limited | ₹19.99 Cr (FY 2025) | •••• | •••• | 306.0% | •••• | Rourkela, Odisha, India |
| Garima Sthapatya Private Limited | ₹19.98 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | Rajkot, Gujarat, India |
| GCD Constructions Private Limited | ₹19.96 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bhubaneswar, Odisha, India |
| Skylark Infratech Private Limited | ₹19.95 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Ag Energy Private Limited | ₹19.95 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Backbone Projects by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Backbone Projects Limited
Backbone Projects Limited is audited by RANAVAYA&Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RANAVAYA&Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Backbone Projects Limited
Backbone Projects has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantilal Mahadev Jakasania Also directs: Vogue Infratech Private Limited, Karnavati Club Limited | Person Incharge | 30 Apr 2004 | 22 Years 5 Months | Current |
| Sonalben Jayantibhai Jakasania Also directs: Vogue Infratech Private Limited | Whole-Time Director | 20 Mar 1998 | 28 Years 6 Months | Current |
| Vasant Valamji Chadmiya | Director | 13 Jan 2021 | 5 Years 8 Months | Current |
Ownership and Shareholding of Backbone Projects Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Backbone Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 1999 | Others | ₹31.67 Cr | Open |
| 01 May 2011 | Srei Equipment Finance Private Limited | ₹18 Lakh | Satisfied |
| 28 Dec 2010 | Bank of Baroda | ₹4.57 Lakh | Satisfied |
| 13 Dec 2010 | Bank of Baroda | ₹9.2 Lakh | Satisfied |
| 05 Dec 2010 | Srei Equipment Finance Private Limited | ₹22.9 Lakh | Satisfied |
Total charge records: 51 View all charges
Deals & Funding of Backbone Projects Limited
Backbone Projects Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Backbone Projects Limited
Backbone Projects Limited has 91 court cases on record: 51 filed by Backbone Projects, 34 filed against it, 6 where it is another party. 3 cases are pending and 88 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 73 | 22 | 1 |
| District courts | 18 | 12 | 2 |
Cases on record (5 of 91)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by N G Projects Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by Tarmat Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Infrastructure Finance Limited | Disposed |
Full case history
All 91 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.
Employees and EPFO Compliance at Backbone Projects Limited
Backbone Projects Limited has a workforce of 11 employees as of Mar 31, 2024.
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.
Group Structure of Backbone Projects Limited
Backbone Projects has 3 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Backbone Projects Limited
Backbone Projects Limited has 8 board changes on record since 1998: 3 appointments and 5 cessations. The latest: Vasant Valamji Chadmiya ceased to be Additional Director on 30 Nov 2021.
102 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Backbone 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 Backbone 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 Backbone 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.
GST Compliance of Backbone Projects Limited
Backbone Projects has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCB1582E1ZZ | Rajasthan | Active | 01 Jul 2017 |
| 26AABCB1582E1Z1 | Dadra and Nagar Haveli and Daman and Diu | Active | 22 Feb 2018 |
| 37AABCB1582E2ZX | Andhra Pradesh | Active | 19 Mar 2021 |
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.
MCA Filings & Documents of Backbone 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.
Frequently Asked Questions about Backbone Projects Limited
Backbone Projects is an active public limited company based in Rajkot, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 06 December 1995 (31+ years old) and is registered under CIN U92199GJ1995PLC028326.
Backbone Projects reported revenue of ₹20 Cr for FY 2025 (down 11% YoY).
Backbone Projects has 3 current directors:
- Sonalben Jayantibhai Jakasania - Whole-Time Director
- Vasant Valamji Chadmiya - Director
- Jayantilal Mahadev Jakasania - Person Incharge
Backbone Projects reported a net profit of ₹75.58 Lakh (net margin 3.8%) and EBITDA of ₹99.61 Lakh (EBITDA margin 5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Backbone Projects is -21% over three years and -12% over five years. In the latest year (FY 2025) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Backbone Projects is 08AABCB1582E1ZZ, registered in Rajasthan. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 26AABCB1582E1Z1 (Dadra and Nagar Haveli and Daman and Diu), 37AABCB1582E2ZX (Andhra Pradesh).
The CIN (Corporate Identification Number) of Backbone Projects is U92199GJ1995PLC028326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Backbone Projects has 91 court cases on record: 51 filed by the company and 34 filed against it. 3 are pending. Most are in the high courts.
Backbone Projects was incorporated on 06 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Backbone Projects has 1 deal on record (1 secondary share transfer); the latest was in March 2007.
The peers of Backbone Projects by revenue are Excel Infrapower Private Limited, SBCC Projects (OPC) Private Limited, Aran Projects Private Limited, Welstand Infracon Private Limited, Ariisto Realtors Development Private Limited and 5 more, all in the Infrastructure industry (Construction Services).