Bhanderi Infracon Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L45201GJ2004PLC044481 Incorporated 19 July 2004 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 538576 Public Limited Company real estate and construction
Data last updated
Market Cap
₹32.46 Cr
BHANDERI · BSE
Share Price
₹125.00
0.00% today
Revenue
₹3.92 Cr
FY 2025-26 · -25.2% YoY
EBITDA
₹0.69 Cr
Margin 17.6%
Net Profit
₹0.20 Cr
FY 2025-26 · -84.5% YoY
P/E (TTM)
162.3x
P/B 1.2x
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.6 Cr
Issued & subscribed

About Bhanderi Infracon Limited

Data last updated:

Bhanderi Infracon Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 July 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45201GJ2004PLC044481. Its GSTIN is 24AACCB6568M1ZB (Gujarat). Its shares are listed on BSE: 538576.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.6 Cr. It was formerly known as Bileshwar Industrial Estate Developers Private Limited and Bhanderi Infracon Private Limited. It is led by directors including Sunil Patel Dhirubhai (Managing Director) and Bhumikaben Sunilbhai Patel.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3.92 Cr, a decline of 25.2% compared to the previous year. For the same year it recorded a net profit of ₹20 Lakh (net margin 5.1%) and EBITDA of ₹69 Lakh (EBITDA margin 17.6%). The net worth stands at ₹26.59 Cr (up 0.8% YoY). Total assets are valued at ₹81.31 Cr (up 30.9% YoY).

Its group structure includes 5 subsidiaries.

The company is associated with 1 brand: Bhanderi Infracon. As per MCA filings, the company has open charges of ₹4.15 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhanderiinfracon.com.

Company Details of Bhanderi Infracon Limited
CIN L45201GJ2004PLC044481
Registration Number 044481
Incorporation Date 19 July 2004
ROC Ahmedabad
Listing Status Listed (BSE: 538576)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    B/12 Jabuka Complex Nr. Bajrang Ashram Below Vikas School NH – 8 Thakkar Bapa, Nagar, Ahmedabad, Gujarat, India – 382350
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers
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Financials, compliance, directors, charges, ownership and filings for Bhanderi Infracon Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Name History of Bhanderi Infracon Limited

Bhanderi Infracon has undergone 2 name changes throughout its history. The company was previously known as Bileshwar Industrial Estate Developers Private Limited, and Bhanderi Infracon Private Limited. The current legal name is Bhanderi Infracon Limited.

Company NameStatus
Bhanderi Infracon LimitedCurrent
Bileshwar Industrial Estate Developers Private LimitedPrevious
Bhanderi Infracon Private LimitedPrevious

CIN History of Bhanderi Infracon Limited

Bhanderi Infracon has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45201GJ2004PLC044481, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L45201GJ2004PLC044481Current
U45201GJ2004PLC044481Previous
U45201GJ2004PTC044481Previous

Associated Brands with Bhanderi Infracon Limited

Bhanderi Infracon operates one associated brand: Bhanderi Infracon. Each brand links to its own profile.

BrandDescriptionWebsite
Residential, commercial, and industrial properties are developed by Bhanderi Infracon.bhanderiinfracon.com

Competitors & Alternatives of Bhanderi Infracon Limited

Brands and companies operating in the same space as Bhanderi Infracon Limited include Godrej Properties, Vingroup, Lendlease and 6 more.

CompetitorDescriptionLocationFounded
Godrej Properties Godrej Properties Residential and commercial properties are developed by Godrej Properties.Mumbai, India1990
Vingroup Vingroup Real estate development and management services are offered by Vingroup.Hanoi, Vietnam1993
Lendlease Lendlease Sustainable project development and maintenance services are provided worldwide.Melbourne, Australia1958
Frasers Property Frasers Property Residential and commercial properties are developed and managed across regions.Singapore1924
Sunac Sunac Residential and commercial real estate development is conducted by Sunac.Shanghai, China2003
Lodha Group Lodha Group Developer of residential and commercial real estate propertiesMumbai, India1980
Vanke Vanke Real estate properties are developed in over 50 cities.Shenzhen, China1984
Eiffage Eiffage Eiffage is engaged in construction, energy, and infrastructure concessions.Paris, France1920
City Developments City Developments Real estate development and management services are provided globally.Singapore1963

Business Activity of Bhanderi Infracon Limited

The main business activity of Bhanderi Infracon is real estate. In detail, this covers real estate activities with own or leased property.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
LReal EstateL1Real estate activities with own or leased propertyLocked
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Auditor Details of Bhanderi Infracon Limited

Bhanderi Infracon Limited is audited by S A R A & Associates for the financial year 2023.

NameStatusAppointment DateCessation Date
S A R A & AssociatesLockedLockedLocked
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Board of Directors of Bhanderi Infracon Limited

Bhanderi Infracon has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bhumikaben Sunilbhai PatelDirector29 Sep 201412 Years 0 MonthsCurrent
Sunil Patel DhirubhaiManaging Director01 Apr 200818 Years 6 MonthsCurrent
Shreyaben Milankumar ShahDirector03 Feb 20242 Years 8 MonthsCurrent
Lokesh Laxmanbhai DaveDirector18 Aug 20233 Years 1 MonthsCurrent
Devendra Prakash KhandelwalAdditional Director04 Feb 20260 Years 8 MonthsCurrent

Financials of Bhanderi Infracon Limited FY 2025-26 filings available

Bhanderi Infracon Limited reported revenue of ₹3.92 Cr (down 25.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3.92 Cr
-25.2% YoY
EBITDA
₹0.69 Cr
-38.4% YoY
Profit After Tax
₹0.20 Cr
-84.5% YoY
Net Worth
₹26.59 Cr
+0.8% YoY
Total Assets
₹81.31 Cr
+30.9% YoY
Total Debt
₹52.82 Cr
+58.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3.925.244.156.286.444.846.17
Revenue growth-25.2%+26.3%-33.9%-2.5%+33.1%-21.6%-
EBITDA0.691.120.73(0.42)0.190.240.26
EBITDA margin+17.6%+21.4%+17.6%-6.7%+3.0%+5.0%+4.2%
Profit before tax0.662.151.020.860.400.410.35
Net profit0.201.290.610.580.320.270.23
Net profit margin+5.1%+24.6%+14.7%+9.2%+5.0%+5.6%+3.7%
EPS (₹)0.794.962.352.231.231.040.86
Balance sheet
Total assets81.3162.1349.0950.0234.3932.9831.71
Net worth26.5926.3825.0924.4623.9023.5823.31
Total debt52.8233.2520.6122.3010.309.248.26
Cash & bank1.060.731.061.260.292.121.13
Net working capital39.3061.1248.5049.1130.3529.9428.69
Cash flow
Cash from operations3.35(6.89)4.743.34(0.39)(0.18)0.72
Cash from investing(41.03)(0.02)0.43(0.05)(0.96)(0.03)(0.05)
Cash from financing38.016.58(5.37)(2.31)(0.48)1.20(0.68)
ParticularsSep 2023Jun 2023
Revenue1.28(0.18)
Other income0.120.18
EBITDA0.66(0.18)
EBITDA margin+60.0%-
Depreciation0.020.00
Interest0.000.00
Profit before tax0.760.00
Tax0.000.00
Net profit0.760.00
EPS (₹)2.170.00
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.700.870.621.115.662.255.44
Revenue growth-19.5%+40.3%-44.1%-80.4%+151.6%-58.6%-
EBITDA0.16(0.07)0.05(0.94)0.240.090.20
EBITDA margin+22.9%-8.1%+8.1%-84.7%+4.2%+4.0%+3.7%
Profit before tax0.131.180.570.680.300.270.29
Net profit0.330.970.410.570.240.200.19
Net profit margin+47.1%+111.5%+66.1%+51.4%+4.2%+8.9%+3.5%
EPS (₹)0.353.581.582.190.920.770.69
Balance sheet
Total assets30.0328.4127.0425.3426.1524.8224.66
Net worth25.7225.6324.7024.2823.7223.4923.29
Total debt4.312.782.341.062.431.331.37
Cash & bank0.060.030.440.600.201.060.99
Net working capital23.0121.6420.8521.2022.3821.4221.24
Cash flow
Cash from operations(0.35)(1.01)0.37(0.75)(0.28)(0.21)(0.27)
Cash from investing(0.26)(0.17)(1.71)(0.03)(0.33)0.00(0.05)
Cash from financing0.640.771.181.18(0.25)0.270.31

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Oct 2026
ParticularsSep 2023Jun 2023
Revenue1.28(0.18)
Other income0.120.18
EBITDA0.66(0.18)
EBITDA margin+60.0%-
Depreciation0.020.00
Interest0.000.00
Profit before tax0.760.00
Tax0.000.00
Net profit0.760.00
EPS (₹)2.170.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3.925.244.156.286.444.846.17
Revenue growth-25.2%+26.3%-33.9%-2.5%+33.1%-21.6%-
Other income0.011.080.381.350.260.190.10
Total expenses3.234.123.426.706.254.605.91
Employee cost0.000.850.640.530.360.160.23
EBITDA0.691.120.73(0.42)0.190.240.26
EBITDA margin+17.6%+21.4%+17.6%-6.7%+3.0%+5.0%+4.2%
Depreciation0.040.050.090.070.050.020.01
Interest0.000.000.000.000.000.000.00
Profit before tax0.662.151.020.860.400.410.35
Tax0.290.490.200.150.050.110.11
Net profit0.201.290.610.580.320.270.23
Net profit margin+5.1%+24.6%+14.7%+9.2%+5.0%+5.6%+3.7%
EPS (₹)0.794.962.352.231.231.040.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital2.602.602.602.602.602.602.60
Reserves & surplus23.9923.7822.4921.8621.3020.9820.71
Shareholders' funds (net worth)26.5926.3825.0924.4623.9023.5823.31
Minority interest1.902.503.393.260.190.160.13
Secured loans3.870.070.090.000.000.000.00
Unsecured loans48.9533.1820.5222.3010.309.248.26
Total debt52.8233.2520.6122.3010.309.248.26
Total liabilities81.3162.1349.0950.0234.3932.9831.71
Assets
Gross block0.730.470.710.480.430.110.08
Net block0.450.220.420.270.310.030.01
Capital work in progress0.000.000.000.000.000.000.00
Investments41.550.770.180.663.723.013.01
Inventories37.4237.1538.4434.5424.1826.6927.04
Sundry debtors4.324.624.417.608.695.656.35
Cash & bank balances1.060.731.061.260.292.121.13
Loans & advances8.8623.3917.2114.995.322.652.91
Total current assets51.6665.8961.1258.3938.4837.1137.43
Total current liabilities12.364.7712.629.288.137.178.74
Net working capital39.3061.1248.5049.1130.3529.9428.69
Total assets81.3162.1349.0950.0234.3932.9831.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.731.061.260.292.121.131.13
Net cash from operating activities3.35(6.89)4.743.34(0.39)(0.18)0.72
Net cash from investing activities(41.03)(0.02)0.43(0.05)(0.96)(0.03)(0.05)
Net cash from financing activities38.016.58(5.37)(2.31)(0.48)1.20(0.68)
Net change in cash0.33(0.33)(0.20)0.98(1.83)0.990.00
Closing cash1.060.731.061.260.292.121.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-25.2%+26.3%-33.9%-2.5%+33.1%-21.6%-
EBITDA growth-38.4%+53.4%+273.8%-321.1%-20.8%-7.7%-
PBT growth-69.3%+110.8%+18.6%+115.0%-2.4%+17.1%-35.2%
Net income growth-84.5%+111.5%+5.2%+81.3%+18.5%+17.4%-
Revenue CAGR (3Y)-14.5%-6.6%-5.0%+0.6%-5.7%-32.1%-28.5%
EBITDA CAGR (3Y)-+80.6%+44.9%--28.0%-38.5%-30.4%
Profitability & leverage
Net income margin+9.4%+31.7%+19.8%+11.3%+5.4%+6.2%+3.9%
Return on capital employed-+4.1%+2.2%+2.1%+1.2%+1.3%+1.1%
Return on net worth-+6.5%+3.3%+2.9%+1.5%+1.3%+1.0%
Debt / equity-1.050.870.670.410.370.36
Long-term debt / equity-0.000.360.530.290.280.15
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-8.886.9713.8023.8550.9577.13
Inventory turnover-0.140.110.210.250.180.23
Debtors turnover-1.160.690.770.900.811.09
EPS (₹)0.794.962.352.231.231.040.86
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00101.4696.5094.0891.9290.6989.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.700.870.621.115.662.255.44
Revenue growth-19.5%+40.3%-44.1%-80.4%+151.6%-58.6%-
Other income0.001.280.601.680.100.190.10
Total expenses0.540.940.572.055.422.165.24
Employee cost0.000.380.300.300.360.160.23
EBITDA0.16(0.07)0.05(0.94)0.240.090.20
EBITDA margin+22.9%-8.1%+8.1%-84.7%+4.2%+4.0%+3.7%
Depreciation0.020.030.080.060.040.010.01
Interest0.010.000.000.000.000.000.00
Profit before tax0.131.180.570.680.300.270.29
Tax0.050.250.160.110.060.070.10
Net profit0.330.970.410.570.240.200.19
Net profit margin+47.1%+111.5%+66.1%+51.4%+4.2%+8.9%+3.5%
EPS (₹)0.353.581.582.190.920.770.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital2.602.602.602.602.602.602.60
Reserves & surplus23.1223.0322.1021.6821.1220.8920.69
Shareholders' funds (net worth)25.7225.6324.7024.2823.7223.4923.29
Secured loans3.810.000.000.000.000.000.00
Unsecured loans0.502.782.341.062.431.331.37
Total debt4.312.782.341.062.431.331.37
Total liabilities30.0328.4127.0425.3426.1524.8224.66
Assets
Gross block0.590.320.550.450.410.090.08
Net block0.370.130.290.260.300.010.01
Capital work in progress0.000.000.000.000.000.000.00
Investments6.646.625.913.893.463.393.39
Inventories21.6319.9420.1016.1117.0719.5819.58
Sundry debtors3.393.693.507.608.695.305.61
Cash & bank balances0.060.030.440.600.201.060.99
Loans & advances0.940.280.490.392.941.601.97
Total current assets26.0223.9424.5324.7028.9027.5428.15
Total current liabilities3.012.303.683.506.526.126.91
Net working capital23.0121.6420.8521.2022.3821.4221.24
Total assets30.0328.4127.0425.3426.1524.8224.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.030.440.600.201.061.001.01
Net cash from operating activities(0.35)(1.01)0.37(0.75)(0.28)(0.21)(0.27)
Net cash from investing activities(0.26)(0.17)(1.71)(0.03)(0.33)0.00(0.05)
Net cash from financing activities0.640.771.181.18(0.25)0.270.31
Net change in cash0.03(0.41)(0.16)0.40(0.86)0.06(0.01)
Closing cash0.060.030.440.600.201.060.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-19.5%+40.3%-44.1%-80.4%+151.6%-58.6%-
EBITDA growth+328.6%-240.0%+105.3%-491.7%+166.7%-55.0%-
PBT growth-89.0%+107.0%-16.2%+126.7%+11.1%-6.9%-49.1%
Net income growth-66.0%+136.6%-28.1%+137.5%+20.0%+5.3%-
Revenue CAGR (3Y)-14.3%-46.4%-34.9%-41.1%-9.7%-47.3%-31.4%
EBITDA CAGR (3Y)---17.8%--23.7%-54.9%-36.2%
Profitability & leverage
Net income margin+11.4%+106.9%+66.1%+51.4%+4.2%+8.9%+3.5%
Return on capital employed-+4.3%+2.2%+2.6%+1.2%+1.1%+1.2%
Return on net worth-+3.7%+1.7%+2.4%+1.0%+0.9%+0.8%
Debt / equity-0.100.070.070.080.060.06
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover7.140.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-2.001.242.5822.6426.4768.00
Inventory turnover-0.040.030.070.310.110.28
Debtors turnover-0.240.110.140.810.411.03
EPS (₹)0.353.581.582.190.920.770.69
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0098.5895.0093.3891.2390.3589.69
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Shareholding Pattern of Bhanderi Infracon Limited

Shareholding for the quarter ended Mar 2026: promoters hold 57.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.00%.

Promoters: 57.00%Retail & Others: 43.00%
Mar 2026
QUARTER
57.00% Promoters
43.00% Retail & Others
Promoter holding - history
Now 57.00% · Mar 2026High 57.00% · Jun 2025Low 57.00% · Jun 2025
56%56.5%57%57.5%58%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 57.00%Sep 2025: 57.00%Dec 2025: 57.00%Mar 2026: 57.00%57.00%57.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters57.00%57.00%57.00%57.00%
Public43.00%43.00%43.00%43.00%

Group Structure of Bhanderi Infracon Limited

Bhanderi Infracon has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

5
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Bhanderi Pethapur Projects Private LimitedU45309GJ2017PTC099506-
Hareram Jems And Exports Private Limted (Earlier Bhanderi Happiness Private Limited)U74993GJ2018PTC101745-
Bhanderi Talod Projects Private LimitedU74999GJ2018PTC101018-
Bhanderi Gandhinagar Projects Private LimitedU74999GJ2018PTC101541-
Bhanderi Kathwada Private LimitedU74999GJ2018PTC101610-

Showing major subsidiaries. Total: 5.

Charges & Borrowings of Bhanderi Infracon Limited

Open charges
₹4.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Indian Bank₹4.15 Cr
Latest charge details
DateLenderAmountStatus
19 Sep 2025Indian Bank₹4.15 CrOpen

Total charge records: 1 View all charges

Employees and EPFO Compliance at Bhanderi Infracon Limited

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GST Compliance of Bhanderi Infracon Limited

Bhanderi Infracon has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AACCB6568M1ZBGujaratActive01 Jul 2017
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Credit Ratings, Litigation & Regulatory Alerts for Bhanderi Infracon Limited

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MSME Payment Delays by Bhanderi Infracon Limited

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Subsidiaries & Group Companies of Bhanderi Infracon Limited

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MCA Filings & Documents of Bhanderi Infracon Limited

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Recent Activity on Bhanderi Infracon Limited

Directors
04 Feb 2026
Devendra Prakash Khandelwal was appointed as a Additional Director on 04 Feb 2026 & has been associated with this company since 8 months 1 day.
Activity
27 Sep 2025
Bhanderi Infracon Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
19 Sep 2025
A charge with Indian Bank amounted to Rs. 4.15 Cr with Charge ID 101160431 was registered on 19 Sep 2025.
Activity
31 Mar 2025
Bhanderi Infracon Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
03 Feb 2024
Shreyaben Milankumar Shah was appointed as a Director on 03 Feb 2024 & has been associated with this company since 2 years 8 months.
Directors
18 Aug 2023
Lokesh Laxmanbhai Dave was appointed as a Director on 18 Aug 2023 & has been associated with this company since 3 years 1 month.

Frequently Asked Questions about Bhanderi Infracon Limited

Bhanderi Infracon is an active public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 19 July 2004 (22+ years old) and is registered under CIN L45201GJ2004PLC044481. Listed on BSE: 538576.

Bhanderi Infracon reported revenue of ₹3.92 Cr for FY 2025-26 (down 25.2% YoY) based on consolidated financials.

Bhanderi Infracon has 5 current directors:

The GSTIN of Bhanderi Infracon is 24AACCB6568M1ZB, registered in Gujarat.

The CIN (Corporate Identification Number) of Bhanderi Infracon is L45201GJ2004PLC044481. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Bhanderi Infracon is listed on BSE with code 538576.

Bhanderi Infracon was incorporated on 19 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Bhanderi Infracon can be reached through the website bhanderiinfracon.com. Its registered office is in Ahmedabad, Gujarat, India.

The registered office of Bhanderi Infracon is at B12 Jabuka Complex Nr. Bajrang Ashram Below Vikas School NH – 8 Thakkar Bapa, Nagar, Ahmedabad, Gujarat, India – 382350.

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