About Dhipl Projects Private Limited
Data last updated:
Dhipl Projects Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 22 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74994GJ2002PTC040983. Its GSTIN is 24AABCD5710E1Z9 (Gujarat). The company holds 20 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹40.56 Lakh. It was formerly known as Decorhome (India) Private Limited. It is led by directors including Sunil Kantilal Dalwadi and Chandresh Pranjiwandas Thakkar.
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 A – 702 Tirupati Plazanr Collector Office Athwagate, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2025, the company reported a revenue of ₹250.59 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹6.97 Cr (net margin 2.8%) and EBITDA of ₹20.02 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 8% over five years.
The company has about 806 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹79.68 Cr and satisfied charges of ₹28.65 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 3 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.2 Cr; the latest was in February 2024. Its 10 peer companies in the Infrastructure industry (Construction Services, Professional Services) are compared by revenue, 5 larger and 5 smaller; the largest is SKB Civiltech Projects Limited. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 60 overdue payments to 40 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 decorhomeindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 702 Tirupati Plazanr Collector Office Athwagate, Surat, Gujarat, India – 395001
- IndustryTravel and Hospitality, Consumer Professional 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
- One PDF report, delivered after checkout
Business Activity of Dhipl Projects Private Limited
The main business activity of Dhipl Projects is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Dhipl Projects Private Limited FY 2024 filings available
Dhipl Projects Private Limited reported revenue of ₹250.59 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dhipl Projects Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 14% growth in the latest year. EBITDA fell 3% 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 Dhipl Projects Private 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 | ₹20.02 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.97 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Dhipl Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.8% | •••• | •••• | •••• | •••• |
| 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 Dhipl 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.
Peer Comparison of Dhipl Projects Private Limited
Dhipl Projects Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services, Professional Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SKB Civiltech Projects Limited | •••• | •••• | •••• | •••• | 2,443 | New Delhi, Delhi, India |
| Vallabhaneni Constructions Private Limited | •••• | •••• | •••• | •••• | - | Vijayawada, Andhra Pradesh, India |
| Glass Wall Systems (India) Limited | •••• | •••• | •••• | •••• | 340 | Mumbai, Maharashtra, India |
| Bhardwaj Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Daskroi, Gujarat, India |
| Velankani Information Systems Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Dhipl Projects Private Limited this company | •••• | •••• | •••• | •••• | - | Surat, Gujarat, India |
| NP Infraprojects India Private Limited | •••• | •••• | •••• | •••• | 10 | Aurangabad, Maharashtra, India |
| Ryan India Tax Services Private Limited | •••• | •••• | •••• | •••• | 1,196 | Shaikpet, Telangana, India |
| Goodwill Advance Construction Company Private Limited | •••• | •••• | •••• | •••• | 155 | Kota, Rajasthan, India |
| Msjathin Infra Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Symmetrics Development Services Private Limited | •••• | •••• | •••• | •••• | 63 | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Dhipl Projects by revenue in the Infrastructure industry (Construction Services, Professional Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Dhipl Projects Private Limited
Dhipl Projects Private Limited is audited by S K KABRA AND COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S K KABRA AND COMPANY | 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.
Board of Directors of Dhipl Projects Private Limited
Dhipl Projects has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Kantilal Dalwadi | Director | 22 Jul 2002 | 24 Years 2 Months | Current |
| Chandresh Pranjiwandas Thakkar | Director | 05 Jan 2022 | 4 Years 9 Months | Current |
| Hitesh Kantilal Dalwadi Also directs: Amt Altaamount India LLP, Venus Furniture LLP | Director | 05 Feb 2024 | 2 Years 8 Months | Current |
Ownership and Shareholding of Dhipl Projects Private 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 Dhipl Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2024 | Others | ₹43 Lakh | Open |
| 05 May 2022 | Axis Bank Limited | ₹50 Lakh | Open |
| 28 Jul 2016 | Others | ₹78.75 Cr | Open |
| 30 Oct 2010 | The Cosmos Co-Op Bank Ltd | ₹50 Lakh | Satisfied |
| 30 Dec 2005 | Others | ₹27.15 Cr | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Dhipl Projects Private Limited
Dhipl Projects Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.2 Cr; the latest was in February 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| May 2015 | Funding round | ₹50 Lakh | Investors: Chandresh P Thakkar HUF, Sunil K Dalwadi HUF, Hitesh K Dalwadi HUF |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Full deal history
All 8 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 Dhipl Projects Private Limited
Dhipl Projects Private Limited has 8 court cases on record: 3 filed by Dhipl Projects, 5 filed against it. 3 cases are pending and 5 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 2 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Trikaya Township Private Limited | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Aruna Biduru Income Tax Officer | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against an individual | Pending |
| High Court of Gujarat | Court case (TAXAP) | Filed by the company against State of Gujarat | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.A) | Filed against the company by an individual | Disposed |
Full case history
All 8 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.
MSME Payment Delays by Dhipl Projects Private Limited
Dhipl Projects Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 60 overdue payments to 40 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 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aseem Enterprises | •••• | •••• | •••• |
| H K Enterprises ( Fanas Wadi Mumbai) | •••• | •••• | •••• |
| Plywood Park Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Yes Mech Engineering Company Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Dhipl Projects Private Limited
Dhipl Projects Private Limited has a workforce of 806 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 Dhipl Projects Private Limited
Dhipl Projects Private Limited has 9 board changes on record since 2002: 6 appointments and 3 cessations. The latest: Hitesh Kantilal Dalwadi was appointed as Director on 05 Feb 2024.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dhipl Projects Private 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.
Subsidiaries & Group Companies of Dhipl Projects Private 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 Dhipl Projects Private Limited
Dhipl Projects has 20 GST registrations: 10 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD5710E1Z9 | Gujarat | Active | 01 Jul 2017 |
| 27AABCD5710E1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 30AABCD5710E1ZG | Goa | Active | 01 Jul 2017 |
| 36AABCD5710E1Z4 | Telangana | 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 Dhipl Projects Private 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 Dhipl Projects Private Limited
Dhipl Projects is an active private limited company based in Surat, Gujarat, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 22 July 2002 (24+ years old) and is registered under CIN U74994GJ2002PTC040983.
Dhipl Projects reported revenue of ₹250.59 Cr for FY 2025 (up 14% YoY).
Dhipl Projects has 3 current directors:
- Sunil Kantilal Dalwadi - Director
- Chandresh Pranjiwandas Thakkar - Director
- Hitesh Kantilal Dalwadi - Director
Dhipl Projects reported a net profit of ₹6.97 Cr (net margin 2.8%) and EBITDA of ₹20.02 Cr (EBITDA margin 8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dhipl Projects is -1% over three years and 8% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dhipl Projects is 24AABCD5710E1Z9, registered in Gujarat. The company has 20 GST registrations in all, of which 10 are active and 10 are cancelled or inactive. Other active GSTINs include 27AABCD5710E1Z3 (Maharashtra), 30AABCD5710E1ZG (Goa), 36AABCD5710E1Z4 (Telangana).
The CIN (Corporate Identification Number) of Dhipl Projects is U74994GJ2002PTC040983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhipl Projects has 8 court cases on record: 3 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Dhipl Projects was incorporated on 22 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dhipl Projects has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.2 Cr; the latest was in February 2024.
The peers of Dhipl Projects by revenue are SKB Civiltech Projects Limited, Vallabhaneni Constructions Private Limited, Glass Wall Systems (India) Limited, Bhardwaj Infrastructure Private Limited, Velankani Information Systems Private Limited and 5 more, all in the Infrastructure industry (Construction Services, Professional Services).
Hitesh Kantilal Dalwadi was appointed as Director on 05 Feb 2024. Gira Hitesh Dalwadi ceased to be Director on 15 Oct 2023. Chandresh Pranjiwandas Thakkar was appointed as Director on 05 Jan 2022. Dhipl Projects has 9 board changes on record in total.