About Bhanderi Infracon Limited
Data last updated: 06 January 2026
Bhanderi Infracon Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 19 July 2004, the company has been in operation for over 22 years.
Registered with ROC Ahmedabad under CIN L45201GJ2004PLC044481. Listed on BSE: 538576.
Capital: an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.6 Cr. Formerly known as Bileshwar Industrial Estate Developers Private Limited and Bhanderi Infracon Private Limited. It is led by directors including Sunil Patel Dhirubhai and Shreyaben Milankumar Shah.
Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.32 Cr, a growth of 39% compared to the previous year.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressB/12 Jabuka Complex Nr. Bajrang Ashram Below Vikas School Nh – 8 Thakkar Bapa, Nagar, Ahmedabad, Gujarat, India – 382350
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Bhanderi Infracon Limited
Bhanderi Infracon Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Bhanderi Infracon Limited | Current |
| Bileshwar Industrial Estate Developers Private Limited | Previous |
| Bhanderi Infracon Private Limited | Previous |
CIN History of Bhanderi Infracon Limited
Bhanderi Infracon Limited 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.
| CIN | Status |
|---|---|
| L45201GJ2004PLC044481 | Current |
| U45201GJ2004PLC044481 | Previous |
| U45201GJ2004PTC044481 | Previous |
Associated Brands with Bhanderi Infracon Limited
Bhanderi Infracon Limited operates one associated brand: Bhanderi Infracon. These brands represent Bhanderi Infracon Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| 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.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Godrej Properties
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Residential and commercial properties are developed by Godrej Properties. | Mumbai, India, India | 1990 |
Vingroup
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Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam, Vietnam | 1993 |
Lendlease
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Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia, Australia | 1958 |
Frasers Property
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Residential and commercial properties are developed and managed across regions. | Singapore, Singapore, Singapore | 1924 |
Sunac
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Residential and commercial real estate development is conducted by Sunac. | Shanghai, China, China | 2003 |
Lodha Group
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Developer of residential and commercial real estate properties | Mumbai, India, India | 1980 |
Vanke
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Real estate properties are developed in over 50 cities. | Shenzhen, China, China | 1984 |
Eiffage
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Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France, France | 1920 |
City Developments
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Real estate development and management services are provided globally. | Singapore, Singapore, Singapore | 1963 |
Business Activity of Bhanderi Infracon Limited
Bhanderi Infracon Limited is engaged in the principal business activity of real estate, with detailed activities including real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | ********* |
Auditor Details of Bhanderi Infracon Limited
Bhanderi Infracon Limited is audited by JMT & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-03-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| JMT & ASSOCIATES (ICAI peer reviewed, certificate valid till 2027-03-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Bhanderi Infracon Limited
Bhanderi Infracon Limited is currently managed by 6 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Sunil Patel Dhirubhai
Also directs:
Bileshwar Infrastructure Llp, Dharnidhar Construwell India Llp, Tulsi Infradevelopers Llp and 5 more
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Managing Director | 01 Apr 2008 | 18 Years 3 Months | Current |
| Shreyaben Milankumar Shah | Director | 03 Feb 2024 | 2 Years 5 Months | Current |
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Lokesh Laxmanbhai Dave
Also directs:
Gre Renew Enertech Limited, Supernova Engineers Limited
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Director | 18 Aug 2023 | 2 Years 10 Months | Current |
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Bhumikaben Sunilbhai Patel
Also directs:
Bileshwar Infrastructure Llp, Dharnidhar Construwell India Llp, Tulsi Infradevelopers Llp and 5 more
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Director | 29 Sep 2014 | 11 Years 9 Months | Current |
Financials of Bhanderi Infracon Limited FY 2026 filings available
Bhanderi Infracon Limited reported revenue of ₹3.92 Cr (down 25.27% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.92 Cr | ₹5.24 Cr | ₹4.15 Cr | ₹6.28 Cr | ₹6.44 Cr | ₹4.96 Cr | ₹6.17 Cr | ₹7.68 Cr |
| Other Income | ₹67,000 | ₹1.07 Cr | ₹38.04 Lakh | ₹1.35 Cr | ₹26.06 Lakh | ₹7.26 Lakh | ₹10.18 Lakh | ₹4.39 Lakh |
| Total Income | ₹3.93 Cr | ₹6.32 Cr | - | - | - | - | - | - |
| Cost of Materials Consumed | ₹2.53 Cr | ₹1.47 Cr | ₹6.1 Cr | ₹2.87 Cr | ₹3.1 Cr | ₹3.84 Cr | ₹5.15 Cr | ₹6.14 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹27.63 Lakh | ₹1.3 Cr | -₹3.9 Cr | ₹2.86 Cr | ₹2.51 Cr | ₹35.16 Lakh | ₹4.13 Lakh | ₹15.01 Lakh |
| Employee Benefit Expense | ₹56.7 Lakh | ₹84.66 Lakh | ₹64.3 Lakh | ₹53.16 Lakh | ₹36.4 Lakh | ₹16.27 Lakh | ₹23.38 Lakh | ₹35.25 Lakh |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹40.94 Lakh | ₹50.13 Lakh | ₹58.61 Lakh | ₹44.99 Lakh | ₹27.84 Lakh | ₹24.74 Lakh | ₹48.76 Lakh | ₹53.41 Lakh |
| Total Expenses | ₹3.27 Cr | ₹4.17 Cr | ₹3.52 Cr | ₹6.78 Cr | ₹6.3 Cr | ₹4.61 Cr | ₹5.92 Cr | ₹7.19 Cr |
| Profit Before Tax | ₹65.72 Lakh | ₹2.15 Cr | ₹1.02 Cr | ₹85.39 Lakh | ₹39.69 Lakh | ₹41.89 Lakh | ₹34.44 Lakh | ₹53.35 Lakh |
| Total Tax Expense | ₹28.72 Lakh | ₹48.55 Lakh | ₹19.23 Lakh | ₹15.57 Lakh | ₹5.94 Lakh | ₹11.67 Lakh | ₹10.67 Lakh | ₹12.23 Lakh |
| Net Profit | ₹53.57 Lakh | ₹1.29 Cr | ₹61.27 Lakh | ₹56.65 Lakh | ₹31.21 Lakh | ₹27.45 Lakh | ₹22.29 Lakh | ₹41.82 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹93.67 Cr | ₹66.9 Cr | ₹61.72 Cr | ₹59.32 Cr | ₹42.38 Cr | ₹40.15 Cr | ₹40.45 Cr | ₹38.75 Cr |
| Non-current Assets | ₹42.02 Cr | ₹1.02 Cr | ₹59.86 Lakh | ₹93.28 Lakh | ₹4.03 Cr | ₹3.04 Cr | ₹3.03 Cr | ₹3.04 Cr |
| Current Assets | ₹51.66 Cr | ₹65.88 Cr | ₹61.12 Cr | ₹58.39 Cr | ₹38.35 Cr | ₹37.11 Cr | ₹37.43 Cr | ₹35.72 Cr |
| Property, Plant & Equipment | ₹45.29 Lakh | ₹22.49 Lakh | - | - | - | - | - | - |
| Inventories | ₹37.42 Cr | ₹37.15 Cr | ₹38.44 Cr | ₹34.54 Cr | ₹24.18 Cr | ₹26.69 Cr | ₹27.04 Cr | ₹27.08 Cr |
| Cash & Equivalents | ₹1.06 Cr | ₹72.92 Lakh | ₹1.06 Cr | ₹1.26 Cr | ₹29.44 Lakh | ₹2.12 Cr | ₹1.13 Cr | ₹1.13 Cr |
| Equity (Net Worth) | ₹26.38 Cr | ₹25.09 Cr | - | - | - | - | - | - |
| Current Liabilities | ₹61.31 Cr | ₹37.94 Cr | ₹33.15 Cr | ₹13.77 Cr | ₹10.43 Cr | ₹8.49 Cr | ₹8.74 Cr | ₹8.67 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ₹3.56 Cr | -₹6.89 Cr | ₹4.75 Cr | ₹3.34 Cr | -₹36.61 Lakh | -₹17.97 Lakh |
| Investing Cash Flow | -₹41.04 Cr | -₹2 Lakh | ₹42.02 Lakh | -₹5.78 Lakh | -₹95.96 Lakh | -₹2.78 Lakh |
| Financing Cash Flow | ₹38.01 Cr | ₹6.58 Cr | -₹5.37 Cr | -₹2.31 Cr | -₹50.4 Lakh | ₹1.2 Cr |
| Capital Expenditure | ₹0 | ₹0 | - | - | - | - |
| Free Cash Flow (computed) | ₹3.56 Cr | -₹6.89 Cr | - | - | - | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹52.52 Lakh | -₹32.73 Lakh | ₹1.06 Cr | ₹97.03 Lakh | -₹1.83 Cr | ₹99.51 Lakh |
| Segment · FY 2025 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Real Estate | ₹5.24 Cr | ₹2.15 Cr | - | - |
| Diamond | ₹0 | ₹5.13 Lakh | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹70.3 Lakh | ₹87 Lakh | ₹61.5 Lakh | ₹1.11 Cr | ₹5.66 Cr | ₹2.37 Cr | ₹5.44 Cr | ₹7.68 Cr |
| Other Income | ₹37,000 | ₹1.28 Cr | ₹60.52 Lakh | ₹1.69 Cr | ₹10.28 Lakh | ₹7.26 Lakh | ₹10.18 Lakh | ₹4.38 Lakh |
| Total Income | ₹70.67 Lakh | ₹2.15 Cr | - | - | - | - | - | - |
| Cost of Materials Consumed | ₹1.82 Cr | ₹9.31 Lakh | ₹4.07 Cr | ₹67.37 Lakh | ₹2.29 Cr | ₹1.83 Cr | ₹4.5 Cr | ₹6.14 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1.69 Cr | ₹15.83 Lakh | -₹3.99 Cr | ₹95.73 Lakh | ₹2.51 Cr | ₹0 | ₹4.13 Lakh | ₹15.27 Lakh |
| Employee Benefit Expense | ₹0 | ₹37.71 Lakh | ₹30.4 Lakh | ₹30.33 Lakh | ₹36.4 Lakh | ₹16.27 Lakh | ₹23.38 Lakh | ₹35.25 Lakh |
| Finance Costs | ₹68,000 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹15.31 Lakh | ₹30.96 Lakh | ₹18.86 Lakh | ₹11.75 Lakh | ₹26.25 Lakh | ₹17.49 Lakh | ₹47.55 Lakh | ₹50.36 Lakh |
| Total Expenses | ₹31.93 Lakh | ₹96.7 Lakh | ₹65.51 Lakh | ₹2.11 Cr | ₹5.47 Cr | ₹2.17 Cr | ₹5.26 Cr | ₹7.16 Cr |
| Profit Before Tax | ₹14.01 Lakh | ₹1.18 Cr | ₹56.51 Lakh | ₹67.86 Lakh | ₹29.15 Lakh | ₹26.93 Lakh | ₹28.35 Lakh | ₹56.13 Lakh |
| Total Tax Expense | ₹4.83 Lakh | ₹25.4 Lakh | ₹15.72 Lakh | ₹10.57 Lakh | ₹5.56 Lakh | ₹7.8 Lakh | ₹10.5 Lakh | ₹12.22 Lakh |
| Net Profit | ₹9.18 Lakh | ₹93 Lakh | ₹40.79 Lakh | ₹57.29 Lakh | ₹23.59 Lakh | ₹19.13 Lakh | ₹17.85 Lakh | ₹43.91 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹33.04 Cr | ₹30.71 Cr | ₹30.73 Cr | ₹28.85 Cr | ₹32.54 Cr | ₹30.94 Cr | ₹31.56 Cr | ₹31.59 Cr |
| Non-current Assets | ₹7.03 Cr | ₹6.76 Cr | ₹6.2 Cr | ₹4.15 Cr | ₹3.77 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.41 Cr |
| Current Assets | ₹26.01 Cr | ₹23.94 Cr | ₹24.54 Cr | ₹24.7 Cr | ₹28.77 Cr | ₹27.54 Cr | ₹28.16 Cr | ₹28.18 Cr |
| Property, Plant & Equipment | ₹37.29 Lakh | ₹12.75 Lakh | - | - | - | - | - | - |
| Inventories | ₹21.63 Cr | ₹19.94 Cr | ₹20.1 Cr | ₹16.11 Cr | ₹17.07 Cr | ₹19.58 Cr | ₹19.58 Cr | ₹19.62 Cr |
| Cash & Equivalents | ₹5.52 Lakh | ₹3.43 Lakh | ₹44.22 Lakh | ₹60.01 Lakh | ₹20.19 Lakh | ₹1.06 Cr | ₹99.46 Lakh | ₹1.01 Cr |
| Equity (Net Worth) | ₹25.63 Cr | ₹24.7 Cr | - | - | - | - | - | - |
| Current Liabilities | ₹7.32 Cr | ₹5.08 Cr | ₹6.02 Cr | ₹4.55 Cr | ₹8.82 Cr | ₹7.46 Cr | ₹8.27 Cr | ₹8.48 Cr |
| Metrics | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹2.83 Cr | ₹37.19 Lakh | -₹74.96 Lakh | -₹41.27 Lakh | -₹21.01 Lakh |
| Investing Cash Flow | -₹17.35 Lakh | -₹1.71 Cr | -₹2.68 Lakh | -₹33.15 Lakh | ₹0 |
| Financing Cash Flow | ₹2.59 Cr | ₹1.18 Cr | ₹1.17 Cr | -₹11.07 Lakh | ₹27.23 Lakh |
| Capital Expenditure | ₹0 | - | - | - | - |
| Free Cash Flow (computed) | -₹2.83 Cr | - | - | - | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹40.79 Lakh | -₹15.79 Lakh | ₹39.83 Lakh | -₹85.49 Lakh | ₹6.22 Lakh |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Real Estate | ₹61.5 Lakh | ₹64.69 Lakh | - | - |
| Grocery | ₹0 | ₹0 | - | - |
Shareholding Pattern of Bhanderi Infracon Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 56.98%, retail and other public shareholders hold 43.02% of Bhanderi Infracon Limited. The company had 49 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% |
| Public | 43.02% | 43.02% | 43.02% | 43.02% | 43.02% | 43.02% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 56.98% | 56.98% | 56.98% |
| Public | 43.02% | 43.02% | 43.02% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Group Structure of Bhanderi Infracon Limited
Bhanderi Infracon Limited has 5 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Bhanderi Infracon Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bhanderi Pethapur Projects Private Limited | U45309GJ2017PTC099506 | - |
| Hareram Jems And Exports Private Limted (Earlier Bhanderi Happiness Private Limited) | U74993GJ2018PTC101745 | - |
| Bhanderi Talod Projects Private Limited | U74999GJ2018PTC101018 | - |
| Bhanderi Gandhinagar Projects Private Limited | U74999GJ2018PTC101541 | - |
| Bhanderi Kathwada Private Limited | U74999GJ2018PTC101610 | - |
Showing major subsidiaries. Total: 5.
Charges & Borrowings of Bhanderi Infracon Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Sep 2025 | Indian Bank | ₹4.15 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Bhanderi Infracon Limited
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Employee Count & EPFO Data of Bhanderi Infracon Limited
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GST Compliance of Bhanderi Infracon Limited
GSTIN & GST Filing Data of Bhanderi Infracon Limited
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Credit Ratings, Litigation & Regulatory Alerts for Bhanderi Infracon Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Bhanderi Infracon Limited
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MSME Payment Delays by Bhanderi Infracon Limited
MSME Payment Delays by Bhanderi Infracon Limited
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Subsidiaries & Group Companies of Bhanderi Infracon Limited
Subsidiaries & Group Companies of Bhanderi Infracon Limited
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MCA Filings & Documents of Bhanderi Infracon Limited
MCA Filings & Documents of Bhanderi Infracon Limited
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Recent Activity on Bhanderi Infracon Limited
Frequently Asked Questions about Bhanderi Infracon Limited
Bhanderi Infracon Limited is an active public limited company in the real estate and construction sector based in Ahmedabad, Gujarat, India. It was incorporated on 19 July 2004 (22+ years old) and is registered under CIN L45201GJ2004PLC044481. Listed on BSE: 538576.
Bhanderi Infracon Limited reported revenue of ₹6.32 Cr for FY 2025 (up 39.00% YoY).
The current directors of Bhanderi Infracon Limited are:
- Rinkal Ajay Patel
- Ketanbhai Jayshukhbhai Koladiya
- Sunil Patel Dhirubhai
- Shreyaben Milankumar Shah
- Lokesh Laxmanbhai Dave
- Bhumikaben Sunilbhai Patel
The primary industry of Bhanderi Infracon Limited is real estate and construction. The company specifically operates in real estate builders and developers. The company is currently active in this sector.
Yes. Bhanderi Infracon Limited is listed on BSE with code 538576.
Bhanderi Infracon Limited can be reached at the registered office: B12 Jabuka Complex Nr. Bajrang Ashram Below Vikas School Nh – 8 Thakkar Bapa, Nagar, Ahmedabad, Gujarat, India – 382350, or through the website bhanderiinfracon.com.