India's Richest People 2026 edition · 1 director · Source: Hurun India
- #124 Shekhar Bajaj & family ₹27,300 Cr
Market Cap
₹1,795 Cr
BAJEL · NSE
Share Price
₹153.48
-1.08% today
Revenue
₹2,792 Cr
FY 2025-26 · +7.4% YoY
EBITDA
₹93.48 Cr
Margin 3.4%
Net Profit
₹28.98 Cr
FY 2025-26 · +49.1% YoY
P/E (TTM)
72.0x
P/B 2.6x
ROE
4.1%
ROCE 10.8%
Debt / Equity
0.53
Interest cover 99.7x
About Bajel Projects Limited
Data last updated:
Bajel Projects Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bajaj Electricals Limited. It operates in the plumbing services and construction specialties segment of the construction sector. It was incorporated on 19 January 2022.
Its director Shekhar Bajaj and family are #124 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L31900MH2022PLC375133. Its GSTIN is 27AAKCB4563E2ZM (Maharashtra). The company holds 8 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544042 and NSE: BAJEL.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹23.14 Cr. It is led by directors including Rajesh Ganesh (Managing Director) and Ajay Suresh Nagle (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 801 Rustomjee Aspiree Anik Wadala Link Road Sion East, Mumbai, Maharashtra, India – 400022.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,791.58 Cr, a growth of 7.4% compared to the previous year. For the same year it recorded a net profit of ₹28.98 Cr (net margin 1%) and EBITDA of ₹93.48 Cr (EBITDA margin 3.3%). The net worth stands at ₹747.57 Cr (up 12.2% YoY). Total assets are valued at ₹1,133.37 Cr (up 7.1% YoY).
The company has about 682 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bajel Projects. As per MCA filings, the company has open charges of ₹2,940 Cr and satisfied charges of ₹1,390 Cr on record. Court records list 35 cases involving the company, including 29 filed by the company and 6 filed against it; 9 cases are pending. The company has 12 deals on record (12 market trades); the latest was in May 2026. The company has 9 MSME Form 1 returns on record between 2023 and 2024, listing 924 overdue payments to 163 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bajelprojects.com.
Company details
CIN L31900MH2022PLC375133
Registration Number 375133
Incorporation Date 19 January 2022
ROC Mumbai
Listing Status Listed - Listed on NSE (BAJEL); Listed on BSE (544042)
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Bajaj Electricals Limited
Compliance Status Active Compliant
CIN history
Bajel Projects has one previous CIN (Corporate Identification Number): U31900MH2022PLC375133. The current CIN is L31900MH2022PLC375133, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31900MH2022PLC375133 | Current |
| U31900MH2022PLC375133 | Previous |
Key People
Rajesh Ganesh Managing Director Ajay Suresh Nagle Whole-Time Director Shekhar Bajaj Director Recognitions & Rankings of Bajel Projects
Contact details
Bajel Projects Limited's registered office is in Mumbai, Maharashtra. Its website is bajelprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address801 Rustomjee Aspiree Anik Wadala Link Road Sion East, Mumbai, Maharashtra, India – 400022
- IndustryConstruction, Plumbing Services & Construction Specialties, Electrical Services, Demolition & Construction Services
To see the full contact details of Bajel Projects Limited, buy the company report.
Comprehensive company report
Bajel 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
Brands
Bajel Projects operates one associated brand: Bajel Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power transmission and distribution solutions are provided internationally. | bajelprojects.com |
Business activity
The main business activity of Bajel 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 Bajel Projects Limited, buy the company report.
Financials of Bajel Projects Limited
FY 2025-26 filings availableBajel Projects Limited reported revenue of ₹2,791.58 Cr (up 7.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,792 Cr
+7.4% YoY
EBITDA
₹93.48 Cr
+42.0% YoY
Profit After Tax
₹28.98 Cr
+49.1% YoY
Net Worth
₹748 Cr
+12.2% YoY
Total Assets
₹1,133 Cr
+7.1% YoY
Total Debt
₹367 Cr
-2.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 2,792 | 2,598 | 1,169 |
| Revenue growth | +7.4% | +122.2% | - |
| EBITDA | 93.48 | 65.83 | 8.30 |
| EBITDA margin | +3.4% | +2.5% | +0.7% |
| Profit before tax | 27.17 | 23.99 | 3.68 |
| Net profit | 28.98 | 19.44 | 5.10 |
| Net profit margin | +1.0% | +0.8% | +0.4% |
| EPS (₹) | 1.75 | 1.34 | 0.37 |
| Balance sheet | |||
| Total assets | 1,133 | 1,058 | 598 |
| Net worth | 748 | 666 | 566 |
| Total debt | 367 | 376 | 14.91 |
| Cash & bank | 183 | 268 | 153 |
| Net working capital | 714 | 540 | 354 |
| Cash flow | |||
| Cash from operations | 21.09 | 69.13 | 195 |
| Cash from investing | 19.10 | (128) | (135) |
| Cash from financing | (72.14) | 68.07 | (14.58) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 567 | 1,008 | 562 | 614 | 608 | 801 | 622 | 662 |
| Revenue growth (YoY) | -6.7% | +25.8% | -9.7% | -7.3% | +18.7% | - | - | - |
| Other income | 5.26 | 6.76 | 4.87 | 6.98 | 8.38 | 6.60 | 7.45 | 5.15 |
| EBITDA | 18.54 | 30.58 | 17.04 | 20.49 | 16.20 | 20.73 | 14.65 | 16.79 |
| EBITDA margin | +3.3% | +3.1% | +3.1% | +3.4% | +2.7% | +2.6% | +2.4% | +2.6% |
| Depreciation | 4.95 | 6.04 | 5.22 | 4.81 | 4.61 | 4.06 | 3.21 | 3.26 |
| Interest | 11.78 | 14.31 | 16.22 | 17.02 | 15.87 | 16.95 | 15.45 | 11.93 |
| Profit before tax | 7.07 | 16.99 | 0.47 | 5.64 | 4.10 | 6.32 | 3.44 | 6.75 |
| Tax | 2.33 | 2.84 | 0.89 | 2.04 | 1.14 | 1.51 | 1.97 | 3.10 |
| Net profit | 4.74 | 14.15 | (0.42) | 3.60 | 2.96 | 4.81 | 1.47 | 3.65 |
| EPS (₹) | 0.41 | 1.22 | (0.04) | 0.31 | 0.25 | 0.42 | 0.13 | 0.31 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 2,792 | 2,598 | 1,169 | 664 |
| Revenue growth | +7.4% | +122.2% | +76.2% | - |
| EBITDA | 100 | 65.83 | 8.30 | (30.61) |
| EBITDA margin | +3.6% | +2.5% | +0.7% | -4.6% |
| Profit before tax | 33.85 | 23.99 | 3.68 | (0.28) |
| Net profit | 37.38 | 19.44 | 5.10 | (4.01) |
| Net profit margin | +1.3% | +0.8% | +0.4% | -0.6% |
| EPS (₹) | 2.33 | 1.34 | 0.37 | (0.14) |
| Balance sheet | ||||
| Total assets | 1,067 | 976 | 598 | 570 |
| Net worth | 681 | 585 | 566 | 557 |
| Total debt | 367 | 376 | 14.91 | 0.72 |
| Cash & bank | 183 | 268 | 153 | 0.65 |
| Net working capital | 714 | 540 | 354 | 425 |
| Cash flow | ||||
| Cash from operations | 21.09 | 69.13 | 195 | (0.10) |
| Cash from investing | 19.10 | (128) | (135) | 0.00 |
| Cash from financing | (72.14) | 68.07 | (14.58) | 0.50 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 567 | 1,008 | 562 | 614 | 608 | 801 | 622 | 662 |
| Revenue growth (YoY) | -6.7% | +25.8% | -9.7% | -7.3% | +18.7% | - | - | - |
| Other income | 5.07 | 6.76 | 4.87 | 6.98 | 8.38 | 6.60 | 7.45 | 5.15 |
| Total expenses | 548 | 977 | 543 | 591 | 591 | 781 | 608 | 646 |
| EBITDA | 18.54 | 31.15 | 19.45 | 22.84 | 16.56 | 20.73 | 14.65 | 16.79 |
| EBITDA margin | +3.3% | +3.1% | +3.5% | +3.8% | +2.8% | +2.6% | +2.4% | +2.6% |
| Depreciation | 4.95 | 5.04 | 5.22 | 4.81 | 4.61 | 4.06 | 3.21 | 3.26 |
| Interest | 11.78 | 14.31 | 16.22 | 17.02 | 15.87 | 16.95 | 15.45 | 11.93 |
| Profit before tax | 6.88 | 18.56 | 2.88 | 7.99 | 4.46 | 6.32 | 3.44 | 6.75 |
| Tax | 2.33 | 2.84 | 0.89 | 2.05 | 1.14 | 1.51 | 1.97 | 3.10 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 567 | 1,008 | 562 | 614 | 608 | 801 | 622 | 662 |
| Revenue growth (YoY) | -6.7% | +25.8% | -9.7% | -7.3% | +18.7% | - | - | - |
| Other income | 5.26 | 6.76 | 4.87 | 6.98 | 8.38 | 6.60 | 7.45 | 5.15 |
| EBITDA | 18.54 | 30.58 | 17.04 | 20.49 | 16.20 | 20.73 | 14.65 | 16.79 |
| EBITDA margin | +3.3% | +3.1% | +3.1% | +3.4% | +2.7% | +2.6% | +2.4% | +2.6% |
| Depreciation | 4.95 | 6.04 | 5.22 | 4.81 | 4.61 | 4.06 | 3.21 | 3.26 |
| Interest | 11.78 | 14.31 | 16.22 | 17.02 | 15.87 | 16.95 | 15.45 | 11.93 |
| Profit before tax | 7.07 | 16.99 | 0.47 | 5.64 | 4.10 | 6.32 | 3.44 | 6.75 |
| Tax | 2.33 | 2.84 | 0.89 | 2.04 | 1.14 | 1.51 | 1.97 | 3.10 |
| Net profit | 4.74 | 14.15 | (0.42) | 3.60 | 2.96 | 4.81 | 1.47 | 3.65 |
| EPS (₹) | 0.41 | 1.22 | (0.04) | 0.31 | 0.25 | 0.42 | 0.13 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 2,792 | 2,598 | 1,169 |
| Revenue growth | +7.4% | +122.2% | - |
| Other income | 26.98 | 30.90 | 25.30 |
| Total expenses | 2,698 | 2,532 | 1,161 |
| Employee cost | 151 | 120 | 79.86 |
| EBITDA | 93.48 | 65.83 | 8.30 |
| EBITDA margin | +3.4% | +2.5% | +0.7% |
| Depreciation | 19.69 | 12.68 | 5.82 |
| Interest | 73.60 | 60.06 | 24.10 |
| Profit before tax | 27.17 | 23.99 | 3.68 |
| Tax | 6.91 | 8.51 | (0.61) |
| Net profit | 28.98 | 19.44 | 5.10 |
| Net profit margin | +1.0% | +0.8% | +0.4% |
| EPS (₹) | 1.75 | 1.34 | 0.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 23.14 | 23.12 | 23.06 |
| Reserves & surplus | 724 | 643 | 543 |
| Shareholders' funds (net worth) | 748 | 666 | 566 |
| Minority interest | 0.00 | 0.00 | 0.00 |
| Secured loans | 31.00 | 100 | 0.00 |
| Unsecured loans | 336 | 276 | 14.91 |
| Total debt | 367 | 376 | 14.91 |
| Total liabilities | 1,133 | 1,058 | 598 |
| Assets | |||
| Gross block | 188 | 167 | 128 |
| Net block | 108 | 98.41 | 69.44 |
| Capital work in progress | 6.98 | 0.00 | 0.00 |
| Investments | 66.31 | 81.61 | 2.72 |
| Inventories | 139 | 128 | 101 |
| Sundry debtors | 1,634 | 971 | 607 |
| Cash & bank balances | 183 | 268 | 153 |
| Loans & advances | 163 | 191 | 237 |
| Total current assets | 2,119 | 1,557 | 1,098 |
| Total current liabilities | 1,405 | 1,017 | 745 |
| Net working capital | 714 | 540 | 354 |
| Total assets | 1,133 | 1,058 | 598 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 55.68 | 46.61 | 0.65 |
| Net cash from operating activities | 21.09 | 69.13 | 195 |
| Net cash from investing activities | 19.10 | (128) | (135) |
| Net cash from financing activities | (72.14) | 68.07 | (14.58) |
| Net change in cash | (31.96) | 9.07 | 45.96 |
| Closing cash | 183 | 268 | 153 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +7.4% | +122.2% | - |
| EBITDA growth | +42.0% | +693.1% | - |
| PBT growth | +13.3% | +551.9% | +9997.0% |
| Net income growth | +49.1% | +281.2% | - |
| Profitability & leverage | |||
| Net income margin | +0.7% | +0.6% | +0.4% |
| Return on capital employed | +10.8% | +11.3% | +5.9% |
| Return on net worth | +4.1% | +3.2% | +0.9% |
| Debt / equity | 0.53 | 0.32 | 0.03 |
| Long-term debt / equity | 0.02 | 0.02 | 0.02 |
| Interest cover | 99.74 | 113.00 | 971.77 |
| Efficiency & per share | |||
| Fixed asset turnover | 15.70 | 17.62 | 9.15 |
| Inventory turnover | 20.98 | 22.73 | 11.57 |
| Debtors turnover | 2.14 | 3.29 | 1.93 |
| EPS (₹) | 1.75 | 1.34 | 0.37 |
| Dividend per share (₹) | 0.60 | 0.00 | 0.00 |
| Book value per share (₹) | 64.61 | 57.63 | 49.11 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 567 | 1,008 | 562 | 614 | 608 | 801 | 622 | 662 |
| Revenue growth (YoY) | -6.7% | +25.8% | -9.7% | -7.3% | +18.7% | - | - | - |
| Other income | 5.07 | 6.76 | 4.87 | 6.98 | 8.38 | 6.60 | 7.45 | 5.15 |
| Total expenses | 548 | 977 | 543 | 591 | 591 | 781 | 608 | 646 |
| EBITDA | 18.54 | 31.15 | 19.45 | 22.84 | 16.56 | 20.73 | 14.65 | 16.79 |
| EBITDA margin | +3.3% | +3.1% | +3.5% | +3.8% | +2.8% | +2.6% | +2.4% | +2.6% |
| Depreciation | 4.95 | 5.04 | 5.22 | 4.81 | 4.61 | 4.06 | 3.21 | 3.26 |
| Interest | 11.78 | 14.31 | 16.22 | 17.02 | 15.87 | 16.95 | 15.45 | 11.93 |
| Profit before tax | 6.88 | 18.56 | 2.88 | 7.99 | 4.46 | 6.32 | 3.44 | 6.75 |
| Tax | 2.33 | 2.84 | 0.89 | 2.05 | 1.14 | 1.51 | 1.97 | 3.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 2,792 | 2,598 | 1,169 | 664 |
| Revenue growth | +7.4% | +122.2% | +76.2% | - |
| Other income | 26.98 | 30.90 | 25.30 | 54.27 |
| Total expenses | 2,691 | 2,532 | 1,161 | 694 |
| Employee cost | 151 | 120 | 79.86 | 102 |
| EBITDA | 100 | 65.83 | 8.30 | (30.61) |
| EBITDA margin | +3.6% | +2.5% | +0.7% | -4.6% |
| Depreciation | 19.69 | 12.68 | 5.82 | 6.28 |
| Interest | 73.60 | 60.06 | 24.10 | 17.66 |
| Profit before tax | 33.85 | 23.99 | 3.68 | (0.28) |
| Tax | 6.91 | 8.51 | (0.61) | 1.31 |
| Net profit | 37.38 | 19.44 | 5.10 | (4.01) |
| Net profit margin | +1.3% | +0.8% | +0.4% | -0.6% |
| EPS (₹) | 2.33 | 1.34 | 0.37 | (0.14) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 23.14 | 23.12 | 23.06 | 23.02 |
| Reserves & surplus | 658 | 562 | 543 | 534 |
| Shareholders' funds (net worth) | 681 | 585 | 566 | 557 |
| Secured loans | 31.00 | 100 | 0.00 | 0.00 |
| Unsecured loans | 336 | 276 | 14.91 | 0.72 |
| Total debt | 367 | 376 | 14.91 | 0.72 |
| Total liabilities | 1,067 | 976 | 598 | 570 |
| Assets | ||||
| Gross block | 188 | 167 | 128 | 102 |
| Net block | 108 | 98.41 | 69.44 | 47.63 |
| Capital work in progress | 6.98 | 0.00 | 0.00 | 0.81 |
| Investments | 0.00 | 0.00 | 2.72 | 0.00 |
| Inventories | 139 | 128 | 101 | 88.47 |
| Sundry debtors | 1,634 | 971 | 607 | 369 |
| Cash & bank balances | 183 | 268 | 153 | 0.65 |
| Loans & advances | 163 | 191 | 237 | 331 |
| Total current assets | 2,119 | 1,557 | 1,098 | 790 |
| Total current liabilities | 1,405 | 1,017 | 745 | 365 |
| Net working capital | 714 | 540 | 354 | 425 |
| Total assets | 1,067 | 976 | 598 | 570 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 55.68 | 46.61 | 0.65 | 0.00 |
| Net cash from operating activities | 21.09 | 69.13 | 195 | (0.10) |
| Net cash from investing activities | 19.10 | (128) | (135) | 0.00 |
| Net cash from financing activities | (72.14) | 68.07 | (14.58) | 0.50 |
| Net change in cash | (31.96) | 9.07 | 45.96 | 0.40 |
| Closing cash | 183 | 268 | 153 | 0.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +7.4% | +122.2% | +76.2% | - |
| EBITDA growth | +52.2% | +693.1% | +127.1% | - |
| PBT growth | +41.1% | +551.9% | +9998.0% | +9997.0% |
| Net income growth | +92.3% | +281.2% | +227.2% | - |
| Revenue CAGR (3Y) | +61.4% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +1.0% | +0.6% | +0.4% | -0.2% |
| Return on capital employed | +12.2% | +11.9% | +6.0% | 0.0% |
| Return on net worth | +5.9% | +3.4% | +0.9% | 0.0% |
| Debt / equity | 0.59 | 0.34 | 0.01 | 0.00 |
| Long-term debt / equity | 0.02 | 0.02 | 0.01 | 0.00 |
| Interest cover | 91.46 | 113.00 | 971.77 | -47.87 |
| Efficiency & per share | ||||
| Fixed asset turnover | 15.70 | 17.62 | 10.18 | 0.00 |
| Inventory turnover | 20.98 | 22.73 | 12.34 | 0.00 |
| Debtors turnover | 2.14 | 3.29 | 2.39 | 0.00 |
| EPS (₹) | 2.33 | 1.34 | 0.37 | (0.14) |
| Dividend per share (₹) | 0.60 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 58.88 | 50.58 | 49.11 | 48.42 |
To see the full year-wise statements and ratios of Bajel Projects Limited, buy the company report.
Board of directors of Bajel Projects Limited
Bajel Projects has 8 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 |
|---|---|---|---|---|
| Shekhar Bajaj | Director | 19 Jan 2022 | 4 Years 9 Months | Current |
| Ajay Suresh Nagle | Whole-Time Director | 01 Sep 2023 | 3 Years 1 Months | Current |
| Sudarshan Sampathkumar Also directs: Bajaj Electricals Limited, Techfab (India) Industries Limited | Director | 22 May 2025 | 1 Years 5 Months | Current |
| Rajesh Ganesh | Managing Director | 18 Sep 2023 | 3 Years 1 Months | Current |
| Rajendra Prasad Singh Also directs: Jyoti Structures Limited | Director | 28 Aug 2023 | 3 Years 1 Months | Current |
| Radhika Madhukar Dudhat Also directs: Camlin Fine Sciences Limited, Jagson Pal Pharmaceuticals Limited., Tips Films Limited and 1 more | Director | 28 Aug 2023 | 3 Years 1 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Bajel Projects Limited is audited by S R B C & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 62.50%, foreign institutional investors hold 0.50%, domestic institutional investors hold 9.20% and retail and other public shareholders hold 27.80%.
Sep 2026
QUARTER
62.50% Promoters
9.20% DII (Domestic Institutional)
0.50% FII (Foreign Institutional)
27.80% Retail & Others
Promoter holding - history
Now 62.50% · Sep 2026High 62.60% · Dec 2025Low 62.50% · Mar 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 62.50% | 62.50% | 62.50% | 62.60% |
| Public | 37.50% | 37.50% | 37.50% | 37.40% |
Charges & borrowings
Open charges
₹2,940 Cr
Satisfied charges
₹1,390 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2024 | 100920894 | Others | ₹2,940 Cr | Open | |
| 02 Feb 2024 | 100866271 | Others | ₹300 Cr | Satisfied | |
| 12 Jan 2024 | 100859612 | Others | ₹120 Cr | Satisfied | |
| 27 Dec 2023 | 100837692 | Bank of India | ₹300 Cr | Satisfied | |
| 27 Dec 2023 | 100850390 | Standard Chartered Bank | ₹150 Cr | Satisfied |
To see the full charge records of Bajel Projects Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Bajel Projects Limited has 12 deals on record (12 market trades); the latest was in May 2026.
Total deals
12
Market trades
12
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹14.83 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Mar 2026 | Market trade | ₹138.92 Cr | Buyer: Junomoneta Finsol Private Limited , NK Securities Research Private Limited , Microcurves Trading Private Limited Seller: Junomoneta Finsol Private Limited , NK Securities Research Private Limited , Microcurves Trading Private Limited |
| Mar 2026 | Market trade | ₹66.95 Cr | Buyer: NK Securities Research Private Limited , Share India Securities Limited, Junomoneta Finsol Private Limited Seller: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , Silverleaf Capital Services Private Limited |
| Apr 2024 | Market trade | ₹16.82 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Jan 2024 | Market trade | ₹10.57 Cr | Buyer: Marwadi Chandarana Intermediaries Brokers Private Limited Seller: Marwadi Chandarana Intermediaries Brokers Private Limited |
To see the full deal history of Bajel Projects Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bajel Projects Limited has 35 court cases on record: 29 filed by Bajel Projects, 6 filed against it. 9 cases are pending and 26 are disposed.
Total cases
35
Filed by the company
29
Filed against the company
6
Pending
9
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 5 | 4 |
| High courts | 6 | 1 | 5 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against Madhyanchal Vidyut Vitran Nigam Ltd. Thru. Managing Director and 4 Others and 1 other | Pending |
| Allahabad High Court | Writ petition | Filed by the company against Purvanchal Vidyut Vitran Nigam Limited and 7 Others and 4 others | Pending |
| Allahabad High Court | Writ petition | Filed by the company against Madhyanchalvidyut Vitran Nigam Ltd. Thru. Managing Director and 7 Others and 4 others | Disposed |
| District court, Durg, Chhattisgarh | Court case (E.C. Regular) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (CARAP) | Filed against the company by Messers Sulania Engineers and Co | Pending |
To see the full case history of Bajel 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
Bajel Projects Limited has 9 MSME Form 1 returns on record between 2023 and 2024, listing 924 overdue payments to 163 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 163)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hindustan Concretes | |||
| Vinayak Industries | |||
| P.S. Steel Tubes Private Limited | |||
| Zetwerk Manufacturing Businesses Limited | |||
| an individual supplier |
To see the full MSME payment records of Bajel Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Bajel Projects has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCB4563E2ZM | Maharashtra | Active | 21 Dec 2023 |
| 07AAKCB4563E1ZP | Delhi | Active | 08 May 2023 |
| 09AAKCB4563E1ZL | Uttar Pradesh | Active | 08 May 2023 |
| 29AAKCB4563E1ZJ | Karnataka | Active | 08 May 2023 |
To see the full GST registrations and return filing status of Bajel Projects Limited, buy the company report.
Recent activity
Bajel Projects Limited has 12 board changes on record since 2022: 10 appointments and 2 cessations. The latest: Pooja Bajaj was appointed as Additional Director on 27 May 2026.
Appointed
Pooja Bajaj was appointed as Additional Director.
Charges
A charge with Others of Rs. 2,940.00 Cr registered on 14 May 2024 with Charge ID 100920894 was modified on 19 May 2026.
Filing
Bajel Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Bajel Projects Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Appointed
Sudarshan Sampathkumar was appointed as Director.
Charges
A charge registered on 02 Nov 2023 via Charge ID 100831249 with Others was fully satisfied on 24 Sep 2024.
Charges
A charge registered on 27 Dec 2023 via Charge ID 100850390 with Standard Chartered Bank was fully satisfied on 16 Sep 2024.
Charges
A charge registered on 02 Feb 2024 via Charge ID 100866271 with Others was fully satisfied on 12 Sep 2024.
Charges
A charge registered on 02 Nov 2023 via Charge ID 100821030 with Others was fully satisfied on 05 Sep 2024.
Charges
A charge registered on 27 Dec 2023 via Charge ID 100837692 with Bank Of India was fully satisfied on 27 Aug 2024.
Charges
A charge registered on 12 Jan 2024 via Charge ID 100859612 with Others was fully satisfied on 26 Aug 2024.
Charges
A charge registered on 27 Sep 2023 via Charge ID 100784609 with Yes Bank Limited was fully satisfied on 04 Jul 2024.
21 earlier events are in the company report.
News
Bajel Projects: Gets Major EPC Order For 220 KV GIS Substation From Tata Power; Covers Salsette And Powai Stations; Completion Anticipated In 18 Months.
Bajel Projects: Company Secures Significant EPC Contract Exceeding ₹200 Crore For 220kV GIS Substations In Salsette And Powai, Mumbai.
Frequently asked questions
Bajel Projects is an active public limited company based in Mumbai, Maharashtra, India. The company works in plumbing services and construction specialties, within the construction industry. It was incorporated on 19 January 2022 (4+ years old) and is registered under CIN L31900MH2022PLC375133. Listed on BSE: 544042 and NSE: BAJEL.
Bajel Projects reported revenue of ₹2,791.58 Cr for FY 2025-26 (up 7.4% YoY) based on consolidated financials.
Bajel Projects has 8 current directors:
- Rajesh Ganesh - Managing Director
- Ajay Suresh Nagle - Whole-Time Director
- Shekhar Bajaj - Director
- Sudarshan Sampathkumar - Director
- Rajendra Prasad Singh - Director
- Radhika Madhukar Dudhat - Director
- Maneck Eruch Davar - Director
- Pooja Bajaj - Additional Director
The latest financial statements of Bajel Projects on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Bajel Projects is 27AAKCB4563E2ZM, registered in Maharashtra. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 07AAKCB4563E1ZP (Delhi), 09AAKCB4563E1ZL (Uttar Pradesh), 29AAKCB4563E1ZJ (Karnataka).
The CIN (Corporate Identification Number) of Bajel Projects is L31900MH2022PLC375133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bajel Projects is a listed company as per MCA records. Its shares are listed on both BSE (code: 544042) and NSE (symbol: BAJEL).
Bajel Projects has 35 court cases on record: 29 filed by the company and 6 filed against it. 9 are pending. Most are in the district courts.
Bajel Projects was incorporated on 19 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Bajel Projects has 12 deals on record (12 market trades); the latest was in May 2026.
Pooja Bajaj was appointed as Additional Director on 27 May 2026. Sudarshan Sampathkumar was appointed as Director on 22 May 2025. Rajesh Ganesh was appointed as Managing Director on 18 Sep 2023. Bajel Projects has 12 board changes on record in total.