About Essel Infraprojects Limited
Data last updated:
Essel Infraprojects Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the engineering sector. It was incorporated on 07 July 1987.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1987PLC044006. Its GSTIN is 27AAACP6095M1ZV (Maharashtra). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹750 Cr and a paid-up capital of ₹405.87 Cr. It was formerly known as Pan India Paryatan Limited and Essels Amusements Parks (India) Limited. It is led by directors including Sundeep Kumar Rai (Whole-Time Director) and Amit Kumar Vyas.
Its last annual general meeting (AGM) was held on 15 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2022, the company reported a revenue of ₹15.98 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹514.68 Cr and EBITDA of ₹277.59 Cr. Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 15% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Virtuous Energy, Essel Infraprojects and Essel Group. As per MCA filings, the company has open charges of ₹20,582 Cr and satisfied charges of ₹12,915 Cr on record. Court records list 123 cases involving the company, including 49 filed by the company and 74 filed against it; 23 cases are pending. The company has 28 deals on record (12 secondary share transfers, 9 convertible or debt financings, 3 funding rounds), with disclosed funding of ₹4,094.48 Cr; the latest was in September 2019.
The last known website on record is esselgroup.com.
Company details
Name history
Essel Infraprojects has undergone 2 name changes throughout its history. The company was previously known as Pan India Paryatan Limited, and Essels Amusements Parks (India) Limited. The current legal name is Essel Infraprojects Limited.
| Company Name | Status |
|---|---|
| Essel Infraprojects Limited | Current |
| Pan India Paryatan Limited | Previous |
| Essels Amusements Parks (India) Limited | Previous |
Contact details
Essel Infraprojects Limited's registered office is in Mumbai, Maharashtra. Its website is esselgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Essel Infraprojects Limited, buy the company report.
- 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
Essel Infraprojects operates multiple associated brands including Virtuous Energy, Essel Infraprojects, and Essel Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops solar energy projects, including design, installation, and operations. | virtuousenergy.com | |
| Manages infrastructure funds focused on growth equities investments. | esselinfraprojects.com | |
| Enterprise networking and idea management solution for entertainment industries | esselgroup.com |
Business activity
The main business activity of Essel Infraprojects 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 Essel Infraprojects Limited, buy the company report.
Financials of Essel Infraprojects Limited
FY 2023 filings availableEssel Infraprojects Limited reported revenue of ₹15.98 Cr (down 14% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 14% fall in the latest year. EBITDA rose 129% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹15.98 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹277.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹514.68 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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To see the full financial statements and ratios of Essel Infraprojects Limited, buy the company report.
Board of directors of Essel Infraprojects Limited
Essel Infraprojects has 5 current directors and 57 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Kumar Vyas | Director | 01 May 2021 | 5 Years 5 Months | As last reported |
| Sundeep Kumar Rai | Whole-Time Director | 08 Jan 2020 | 6 Years 9 Months | As last reported |
| Pooja Ramesh Singh Also directs: Essel Green Energy Private Limited, Essel Lucknow Raebareli Toll Roads Limited, Pan India Network Infravest Limited and 2 more | Director | 11 Feb 2020 | 6 Years 8 Months | As last reported |
| Kairav Anil Trivedi | Irp/Rp/Liquidator | 11 Apr 2023 | 3 Years 6 Months | As last reported |
| Hemant Jitendrarai Mehta Also directs: A P Doshi & Co LLP, Apmh Consulting LLP | Irp/Rp/Liquidator | 16 Dec 2024 | 1 Years 10 Months | As last reported |
Auditor
Essel Infraprojects Limited is audited by B S SHARMA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S SHARMA & CO | FY 2022 | 128249W |
Shareholding
The shareholding of Essel Infraprojects Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Essel Infraprojects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2022 | 100571152 | Others | ₹1,000 Cr | Open | |
| 18 Apr 2022 | 100569206 | Others | ₹1,000 Cr | Open | |
| 08 Apr 2022 | 100571081 | Others | ₹1,000 Cr | Open | |
| 08 Apr 2022 | 100570970 | Others | ₹1,000 Cr | Open | |
| 08 Apr 2022 | 100566707 | Others | ₹1,000 Cr | Open |
To see the full charge records of Essel Infraprojects Limited, buy the company report.
Total charge records: 101 View all charges
Deals & funding
Essel Infraprojects Limited has 28 deals on record (12 secondary share transfers, 9 convertible or debt financings, 3 funding rounds), with disclosed funding of ₹4,094.48 Cr; the latest was in September 2019.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Debt financing | ₹2.48 Cr | Investors: Cyquator Media Services Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Agrani Utility Works Private Limited , Dakshin Utilities Works Limited Seller: Dakshin Mercantile Private Limited |
| Oct 2018 | Acquisition | ₹6,012.69 Cr | Buyer: Sepl Energy Private Limited Seller: Essel Infraprojects Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Agrani Utility Works Private Limited , Khoobsurat Infra Private Limited , Dakshin Utilities Works Limited Seller: Pan India Network Infravest Limited |
| Mar 2018 | Rights issue | ₹1,348.55 Cr | Investors: Adilink Infra & Multitrading Private Limited , Dakshin Mercantile Private Limited , Edisons Infrapower & Multiventures Private Limited |
To see the full deal history of Essel Infraprojects 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
Essel Infraprojects Limited has 123 court cases on record: 49 filed by Essel Infraprojects, 74 filed against it. 23 cases are pending and 100 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 64 | 27 | 13 |
| District courts | 35 | 27 | 7 |
| NCLT | 9 | 9 | 1 |
| Supreme Court | 8 | 5 | 0 |
| NCLAT | 7 | 6 | 2 |
Cases on record (5 of 123)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0302-Arbitration Law and Other Alternative Dispute Resolution : SLPs relating to appointment of arbitrator, arising out of applications under Section 8, removal of arbitrator, termination of mandate of arbitrator under Arbitration Act, 1940, and Arbitration and Conciliation Act, 1996.) | Filed against the company by Tambaram City Municipal Corporation (Pallavapuram) | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Energy Development Company Limited | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Vidya Projects Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Icici Bank Limited | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by FP India Project Management Consultancy Services Pvt Ltd | Pending |
To see the full case history of Essel Infraprojects 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
Essel Infraprojects Limited was last rated by Care on 11 Jul 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Jul 2025 |
To see the full credit ratings and regulatory alerts of Essel Infraprojects Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Essel Infraprojects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Essel Infraprojects Limited has a workforce of 6 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Essel Infraprojects has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP6095M1ZV | Maharashtra | Active | 01 Jul 2017 |
| 09AAACP6095M1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
| 21AAACP6095M1Z7 | Odisha | Active | 01 Jul 2017 |
| 23AAACP6095M1Z3 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essel Infraprojects Limited, buy the company report.
Recent activity
Essel Infraprojects Limited has 61 board changes on record since 2008: 5 appointments and 56 cessations. The latest: Hemant Jitendrarai Mehta was appointed as Irp/Rp/Liquidator on 16 Dec 2024.
233 earlier events are in the company report.
News
Frequently asked questions
Essel Infraprojects is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Essel Infraprojects is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 07 July 1987 and is registered under CIN U74999MH1987PLC044006. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Essel Infraprojects has 5 current directors:
- Sundeep Kumar Rai - Whole-Time Director
- Amit Kumar Vyas - Director
- Pooja Ramesh Singh - Director
- Kairav Anil Trivedi - Irp/Rp/Liquidator
- Hemant Jitendrarai Mehta - Irp/Rp/Liquidator
The latest financial statements of Essel Infraprojects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 15 November 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Essel Infraprojects is U74999MH1987PLC044006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essel Infraprojects has open charges of ₹20,582 Cr and satisfied charges of ₹12,915 Cr as per latest MCA filings.
Essel Infraprojects has 123 court cases on record: 49 filed by the company and 74 filed against it. 23 are pending. Most are in the high courts.
Essel Infraprojects was incorporated on 07 July 1987. It is registered with the Registrar of Companies, Mumbai.
Essel Infraprojects has 28 deals on record (12 secondary share transfers, 9 convertible or debt financings, 3 funding rounds), with disclosed funding of ₹4,094.48 Cr; the latest was in September 2019.
Hemant Jitendrarai Mehta was appointed as Irp/Rp/Liquidator on 16 Dec 2024. Kairav Anil Trivedi was appointed as Irp/Rp/Liquidator on 11 Apr 2023. Ritesh Nigam ceased to be Director on 30 Apr 2022. Essel Infraprojects has 61 board changes on record in total.