About Corrtech International Limited
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Corrtech International Limited is a public limited company based in Changodor, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 08 June 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U42200GJ1982PLC038664. Its GSTIN is 24AAACC0134G1ZF (Gujarat). The company holds 28 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹47.09 Cr. It is led by directors including Anant Amit Mittal (Managing Director) and Amit Indrasen Mittal (Managing Director).
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 51 Mahagujarat Ind Estate Opp Nova Petrochemicals Sarkhej – Bavla Highway Village Moraiya, Changodor, Gujarat, India – 382213.
As per the financials filed for FY 2024, the company reported a revenue of ₹958.55 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹68.55 Cr (net margin 7.2%) and EBITDA of ₹159.33 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 15% over five years.
The company has about 742 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Corrtech. As per MCA filings, the company has open charges of ₹591.48 Cr and satisfied charges of ₹1,364.11 Cr on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 5 cases are pending. The company has 8 deals on record (3 debt financings, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹304.63 Cr; the latest was in September 2024. Its 8 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 5 smaller; the largest is Sam India Builtwell Private Limited with revenue of ₹1,235 Cr. The company has 14 MSME Form 1 returns on record between 2016 and 2023, listing 296 overdue payments to 74 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 corrtech.in.
Company details
CIN history
Corrtech International has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U42200GJ1982PLC038664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U42200GJ1982PLC038664 | Current |
| U29130GJ1982PTC038664 | Previous |
| U29130GJ1982PLC038664 | Previous |
| U29130GJ2000PTC038664 | Previous |
Contact details
Corrtech International Limited's registered office is in Changodor, Gujarat.
- Social Media
- Registered Address51 Mahagujarat Ind Estate Opp Nova Petrochemicals Sarkhej – Bavla Highway Village Moraiya, Changodor, Gujarat, India – 382213
- 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
Brands
Corrtech International operates one associated brand: Corrtech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pipeline construction, horizontal directional drilling, and cathodic protection solutions in the energy sector. | corrtech.in |
Business activity
The main business activity of Corrtech International is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Corrtech International Limited, buy the company report.
Financials of Corrtech International Limited
FY 2024 filings availableCorrtech International Limited reported revenue of ₹958.55 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 2% growth in the latest year. EBITDA rose 19% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹958.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹159.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹68.55 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Corrtech International Limited, buy the company report.
Board of directors of Corrtech International Limited
Corrtech International has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradyuman R Tiwari | Whole-Time Director | 06 Jan 2018 | 8 Years 9 Months | Current |
| Anant Amit Mittal Also directs: LC Corrtech Private Limited, Corrosion Cures Private Limited | Managing Director | 18 Jan 2025 | 1 Years 9 Months | Current |
| Shaily Jatin Dedhia Also directs: Dolphin Offshore Enterprises (India) Limited, Deep Industries Limited, Vadilal Chemicals Limited and 2 more | Director | 05 Mar 2022 | 4 Years 7 Months | Current |
| Amit Indrasen Mittal | Managing Director | 20 Mar 1997 | 29 Years 7 Months | Current |
| Ramesh Chandra Gupta | Director | 05 Mar 2022 | 4 Years 7 Months | Current |
| Sandeep Indrasen Mittal | Whole-Time Director | 18 Aug 1997 | 29 Years 2 Months | Current |
Peer comparison
Corrtech International Limited is compared with the 8 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sam India Builtwell Private Limited | ₹1,235 Cr (FY 2025) | -12.0% | Delhi, India | |||
| Gangamai Industries and Constructions Private Limited | ₹1,211.94 Cr (FY 2025) | 9.0% | Aurangabad, Maharashtra, India | |||
| Dhariwal Buildtech Limited | ₹1,158.53 Cr (FY 2025) | 25.0% | Hisar, Haryana, India | |||
| Velji Ratna Sorathia Infra Private Limited | ₹1,119.9 Cr (FY 2025) | 11.0% | Kachchh, Gujarat, India | |||
| Soma Enterprise Limited | ₹1,119.75 Cr (FY 2025) | 21.0% | Pune, Maharashtra, India | |||
| DCC Infra Projects Limited | ₹1,106.03 Cr (FY 2025) | -4.0% | Kaithal, Haryana, India | |||
| Sew Infrastructure Limited | ₹1,100.56 Cr (FY 2024) | 159.0% | Hyderabad, Telangana, India | |||
| Coastal Projects Limited | ₹1,099.08 Cr (FY 2016) | -22.0% | Khorda, Odisha, India | |||
| Corrtech International Limitedthis company | ₹958.55 Cr (FY 2024) | ₹68.55 Cr | 7.2% | 2.0% | Changodor, Gujarat, India |
To see the full peer comparison of Corrtech International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2024 | 100980798 | Others | ₹65 Cr | Open | |
| 31 Aug 2024 | 100969679 | Others | ₹5.5 Cr | Open | |
| 31 Jul 2024 | 100967182 | Others | ₹3.74 Cr | Open | |
| 13 Jun 2024 | 100945985 | Others | ₹8.47 Cr | Open | |
| 29 Mar 2024 | 100957472 | Others | ₹70.5 Lakh | Open |
To see the full charge records of Corrtech International Limited, buy the company report.
Total charge records: 167 View all charges
Deals & funding
Corrtech International Limited has 8 deals on record (3 debt financings, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹304.63 Cr; the latest was in September 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Debt financing | ₹63.7 Cr | Investors: Bpea Credit Select Short Term Income Fund I |
| Apr 2022 | Debt financing | ₹50 Cr | Investors: Ascertis Credit (BPEA Credit) |
| Oct 2019 | Debt financing | ₹125 Cr | Investors: Ascertis Credit (BPEA Credit) |
| Mar 2018 | Rights issue | ₹4.03 Cr | Investors: Iec Projects Limited , 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Iec Projects Limited Seller: Prime India Opportunity Limited |
To see the full deal history of Corrtech International 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
Corrtech International Limited has 16 court cases on record: 4 filed by Corrtech International, 12 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 3 |
| District courts | 6 | 6 | 2 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Gas Authority of India Ltd and Anr | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Bharat Petroleum Corporation Limited | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Ihb Private Limited and Ors | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Coastal Marine Construction and Engineering Limited and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Engineers India Limited and 1 other | Disposed |
To see the full case history of Corrtech International 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.
Credit ratings & regulatory alerts
Corrtech International Limited was last rated by Crisil on 31 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Aug 2020 |
To see the full credit ratings and regulatory alerts of Corrtech International Limited, buy the company report.
MSME payment delays
Corrtech International Limited has 14 MSME Form 1 returns on record between 2016 and 2023, listing 296 overdue payments to 74 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 74)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sievert India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Pilania Road Carriers |
To see the full MSME payment records of Corrtech International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Corrtech International has 28 GST registrations: 25 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC0134G1ZF | Gujarat | Active | 01 Jul 2017 |
| 24AAACC0134G3ZD | Gujarat | Active | 22 Mar 2025 |
| 05AAACC0134G1ZF | Uttarakhand | Active | 01 Jul 2017 |
| 06AAACC0134G1ZD | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Corrtech International Limited, buy the company report.
Recent activity
Corrtech International Limited has 17 board changes on record since 1997: 8 appointments and 9 cessations. The latest: Sanjay Verma ceased to be Director on 01 Apr 2025.
341 earlier events are in the company report.
Frequently asked questions
Corrtech International is an active public limited company based in Changodor, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 08 June 1982 (44+ years old) and is registered under CIN U42200GJ1982PLC038664.
Corrtech International has 6 current directors:
- Anant Amit Mittal - Managing Director
- Amit Indrasen Mittal - Managing Director
- Pradyuman R Tiwari - Whole-Time Director
- Sandeep Indrasen Mittal - Whole-Time Director
- Shaily Jatin Dedhia - Director
- Ramesh Chandra Gupta - Director
The latest financial statements of Corrtech International on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Corrtech International is 24AAACC0134G1ZF, registered in Gujarat. The company has 28 GST registrations in all, of which 25 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAACC0134G3ZD (Gujarat), 05AAACC0134G1ZF (Uttarakhand), 06AAACC0134G1ZD (Haryana).
The CIN (Corporate Identification Number) of Corrtech International is U42200GJ1982PLC038664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corrtech International has 16 court cases on record: 4 filed by the company and 12 filed against it. 5 are pending. Most are in the high courts.
Corrtech International was incorporated on 08 June 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Corrtech International has 8 deals on record (3 debt financings, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹304.63 Cr; the latest was in September 2024.
The peers of Corrtech International by revenue are Sam India Builtwell Private Limited, Gangamai Industries and Constructions Private Limited, Dhariwal Buildtech Limited, Velji Ratna Sorathia Infra Private Limited, Soma Enterprise Limited and 3 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Sanjay Verma ceased to be Director on 01 Apr 2025. Anant Amit Mittal was appointed as Managing Director on 18 Jan 2025. Himansubhai Navinbhai Bavisi was appointed as CFO on 18 Jan 2025. Corrtech International has 17 board changes on record in total.
Corrtech International has 14 MSME Form 1 returns on record between 2016 and 2023, listing 296 overdue payments to 74 micro and small suppliers. The latest return was filed on 26 Aug 2023.
Corrtech International can be reached through the website corrtech.in. Its registered office is in Changodor, Gujarat, India.
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