About Bhartia Infra Projects Limited
Data last updated:
Bhartia Infra Projects Limited is a public limited company based in Guwahati, Assam, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 26 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U45203AS1999PLC005740. Its GSTIN is 18AACCB3413B1ZD (Assam). The company holds 15 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.42 Cr. It was formerly known as Bhartia Associates Limited and Bhartia Associates Limited. It is led by directors including Ramawatar Bhartia (Managing Director) and Pawan Kumar Bhartia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 201 Royal Arcade 2nd Floor Dr. B. Boruah Road Ulubari, Guwahati, Assam, India – 781007.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,355.65 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹70.2 Cr (net margin 5.2%) and EBITDA of ₹214.04 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 11% over five years.
The company has about 264 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,058.32 Cr and satisfied charges of ₹1,262.84 Cr on record. Court records list 86 cases involving the company, including 34 filed by the company and 27 filed against it; 30 cases are pending. The company has 15 deals on record (9 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹27.28 Cr; the latest was in April 2025. Its 10 peer companies in the Infrastructure industry (Railway Construction, Roads and Bridges) are compared by revenue, 5 larger and 5 smaller; the largest is Patil Rail Infrastructure Private Limited with revenue of ₹1,455.12 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 bhartiainfra.com.
Name History of Bhartia Infra Projects Limited
Bhartia Infra Projects has undergone 3 name changes throughout its history. The company was previously known as Bhartia Associates Limited, Bhartia Associates Limited, and Bhartia Associates Private Limited. The current legal name is Bhartia Infra Projects Limited.
| Company Name | Status |
|---|---|
| Bhartia Infra Projects Limited | Current |
| Bhartia Associates Limited | Previous |
| Bhartia Associates Limited | Previous |
| Bhartia Associates Private Limited | Previous |
CIN History of Bhartia Infra Projects Limited
Bhartia Infra Projects has one previous CIN (Corporate Identification Number): U45203AS1999PTC005740. The current CIN is U45203AS1999PLC005740, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203AS1999PLC005740 | Current |
| U45203AS1999PTC005740 | Previous |
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- Registered Address201 Royal Arcade 2nd Floor Dr. B. Boruah Road Ulubari, Guwahati, Assam, India – 781007
- IndustryInfrastructure and Utilities, Railway Infrastructure Development, Road & Bridge Construction
- 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 Bhartia Infra Projects Limited
The main business activity of Bhartia Infra 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 Bhartia Infra Projects Limited FY 2025 filings available
Bhartia Infra Projects Limited reported revenue of ₹1,355.65 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bhartia Infra Projects Limited
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 10% 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 Bhartia Infra 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 | ₹214.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹70.2 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bhartia Infra Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 Bhartia Infra 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.
Board of Directors of Bhartia Infra Projects Limited
Bhartia Infra Projects has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Bhartia | Whole-Time Director | 26 Jun 1999 | 27 Years 3 Months | Current |
| Ramawatar Bhartia Also directs: Vrindavan Projects Private Limited, Greenview Tea Co Pvt Ltd | Managing Director | 22 Aug 2005 | 21 Years 2 Months | Current |
| Avinash Bhartia | Whole-Time Director | 26 Apr 1999 | 27 Years 5 Months | Current |
| Cherry Jain | Director | 27 Mar 2025 | 1 Years 6 Months | Current |
| Dhiraj Kumar Jain | Director | 30 Jan 2024 | 2 Years 8 Months | Current |
Peer Comparison of Bhartia Infra Projects Limited
Bhartia Infra Projects Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Railway Construction, Roads and Bridges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Patil Rail Infrastructure Private Limited | ₹1,455.12 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
| Roadway Solutions India Infra Limited | ₹1,426.13 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Kutch Railway Company Limited | ₹1,379.69 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Haryana State Industrial & Infrastructure Development Corporation Limited | ₹1,368.85 Cr (FY 2021) | •••• | •••• | -32.0% | •••• | Haryana, India |
| Nhit Eastern Projects Private Limited | ₹1,362.39 Cr (FY 2025) | •••• | •••• | 18431.0% | •••• | New Delhi, Delhi, India |
| Bhartia Infra Projects Limited this company | ₹1,355.65 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Guwahati, Assam, India |
| KMC Infratech Limited | ₹1,343.8 Cr (FY 2024) | •••• | •••• | 646.0% | •••• | Hyderabad, Telangana, India |
| Rkcpl Limited | ₹1,276.69 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Panchkula, Haryana, India |
| RKC Infrabuilt Private Limited | ₹1,258.81 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Ahmedabad, Gujarat, India |
| Barwa Adda Expressway Limited | ₹1,244.6 Cr (FY 2025) | •••• | •••• | 127.0% | •••• | Mumbai, Maharashtra, India |
| Rahee Infratech Limited | ₹1,226.06 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Bhartia Infra Projects by revenue in the Infrastructure industry (Railway Construction, Roads and Bridges), 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 Bhartia Infra Projects Limited
Bhartia Infra Projects Limited is audited by AMLAN BHADRA & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMLAN BHADRA & ASSOCIATES | 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.
Ownership and Shareholding of Bhartia Infra 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 Bhartia Infra Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2026 | Others | ₹12 Cr | Open |
| 08 Jul 2026 | Others | ₹100 Cr | Open |
| 08 Jul 2026 | Others | ₹20 Cr | Open |
| 08 Jul 2026 | Others | ₹25 Cr | Open |
| 24 Jun 2026 | Indian Bank | ₹6.19 Cr | Open |
Total charge records: 593 View all charges
Deals & Funding of Bhartia Infra Projects Limited
Bhartia Infra Projects Limited has 15 deals on record (9 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹27.28 Cr; the latest was in April 2025.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Rights issue | ₹5 Cr | Investors: Vrindavan Projects Private Limited , 3 individuals |
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: Vrindavan Projects Private Limited Seller: Khordia Builders Private Limited , Green View Tea Company Private Limited, Vardhaman Trading Co. Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Ramawatar Bhartia Family Trust Seller: Winsher Vinimay Private Limited , Pushkar Dealers Private Limited , Nilmani Barter Private Limited |
| Mar 2012 | Funding round | ₹4.15 Cr | Investors: Khordia Builders Private Limited , Vrindavan Projects Private Limited , Megapix Vanijya Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Green View Tea Company Private Limited Seller: 4 individuals |
Full deal history
All 15 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 Bhartia Infra Projects Limited
Bhartia Infra Projects Limited has 86 court cases on record: 34 filed by Bhartia Infra Projects, 27 filed against it, 25 where it is another party. 30 cases are pending and 56 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 56 | 4 | 12 |
| District courts | 27 | 23 | 18 |
| Supreme Court | 3 | 0 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Gauhati High Court | Arbitration matter | Filed by the company against Vishwa Samudra Engineering Private Limited | Disposed |
| Supreme Court | Special leave petition | Filed by the company against Vishwa Samudra Engineering Private Limited | Disposed |
| District court, Kamrup Metro, Assam | Court case (Motor Vehicle Act) | Filed against the company by State of Assam | Pending |
| District court, Kamrup Metro, Assam | Court case (Motor Vehicle Act) | Filed against the company by State of Assam | Pending |
| High Court of Manipur | Writ petition | Company is another party | Pending |
Full case history
All 86 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 Bhartia Infra Projects Limited
Bhartia Infra Projects Limited has a workforce of 264 employees as of Mar 22, 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.
Recent Activity on Bhartia Infra Projects Limited
Bhartia Infra Projects Limited has 16 board changes on record since 1999: 6 appointments and 10 cessations. The latest: Ankita Goel ceased to be Director on 27 Mar 2025.
1018 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bhartia Infra 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 Bhartia Infra 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 Bhartia Infra 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 Bhartia Infra Projects Limited
Bhartia Infra Projects has 15 GST registrations: 10 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AACCB3413B1ZD | Assam | Active | 01 Jul 2017 |
| 10AACCB3413B1ZT | Bihar | Active | 01 Jul 2017 |
| 12AACCB3413B1ZP | Arunachal Pradesh | Active | 01 Jul 2017 |
| 13AACCB3413B1ZN | Nagaland | Active | 01 Jul 2017 |
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 Bhartia Infra 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 Bhartia Infra Projects Limited
Bhartia Infra Projects is an active public limited company based in Guwahati, Assam, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 26 April 1999 (27+ years old) and is registered under CIN U45203AS1999PLC005740.
Bhartia Infra Projects reported revenue of ₹1,355.65 Cr for FY 2025 (down 22% YoY).
Bhartia Infra Projects has 5 current directors:
- Ramawatar Bhartia - Managing Director
- Pawan Kumar Bhartia - Whole-Time Director
- Avinash Bhartia - Whole-Time Director
- Cherry Jain - Director
- Dhiraj Kumar Jain - Director
Bhartia Infra Projects reported a net profit of ₹70.2 Cr (net margin 5.2%) and EBITDA of ₹214.04 Cr (EBITDA margin 15.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bhartia Infra Projects is -6% over three years and 11% over five years. In the latest year (FY 2025) revenue fell 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bhartia Infra Projects is 18AACCB3413B1ZD, registered in Assam. The company has 15 GST registrations in all, of which 10 are active and 5 are cancelled or inactive. Other active GSTINs include 10AACCB3413B1ZT (Bihar), 12AACCB3413B1ZP (Arunachal Pradesh), 13AACCB3413B1ZN (Nagaland).
The CIN (Corporate Identification Number) of Bhartia Infra Projects is U45203AS1999PLC005740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhartia Infra Projects has 86 court cases on record: 34 filed by the company and 27 filed against it. 30 are pending. Most are in the high courts.
Bhartia Infra Projects was incorporated on 26 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Guwahati.
Bhartia Infra Projects has 15 deals on record (9 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹27.28 Cr; the latest was in April 2025.
The peers of Bhartia Infra Projects by revenue are Patil Rail Infrastructure Private Limited, Roadway Solutions India Infra Limited, Kutch Railway Company Limited, Haryana State Industrial & Infrastructure Development Corporation Limited, Nhit Eastern Projects Private Limited and 5 more, all in the Infrastructure industry (Railway Construction, Roads and Bridges).