Explorer Associates Private Limited
About Explorer Associates Private Limited
Data last updated:
Explorer Associates Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 18 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70102DL2010PTC198102. Its GSTIN is 07AACCE3011G2Z8 (Delhi). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajesh Khanduja and Rajeev Khanduja.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 75 Malviya Nagar, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.87 Cr, a growth of 65% compared to the previous year. For the same year it recorded a net profit of ₹9.85 Lakh (net margin 1.7%) and EBITDA of ₹18.17 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years.
As per MCA filings, the company has open charges of ₹10.08 Lakh on record. Court records list 6 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressA – 75 Malviya Nagar, New Delhi, Delhi, India – 110017
- 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
- One PDF report, delivered after checkout
Business Activity of Explorer Associates Private Limited
The main business activity of Explorer Associates is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | 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 Explorer Associates Private Limited FY 2025 filings available
Explorer Associates Private Limited reported revenue of ₹5.87 Cr (up 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Explorer Associates Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 67% over three years, including 65% growth in the latest year. EBITDA rose 8% 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 Explorer Associates 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 | ₹18.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.85 Lakh | •••• | •••• | •••• | •••• |
| 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 Explorer Associates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 Explorer Associates 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 Explorer Associates Private Limited
Explorer Associates Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SLS Constructions Private Limited | ₹5.89 Cr (FY 2018) | •••• | •••• | 258.0% | •••• | Bangalore, Karnataka, India |
| Sujan Builders Private Limited | ₹5.89 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Consistent Aircon Private Limited | ₹5.88 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | New Delhi, Delhi, India |
| Mradul Constructions Private Limited. | ₹5.87 Cr (FY 2025) | •••• | •••• | 342293.0% | •••• | New Delhi, Delhi, India |
| R K Buildcare Private Limited | ₹5.87 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Delhi, India |
| Explorer Associates Private Limited this company | ₹5.87 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | New Delhi, Delhi, India |
| Sai Datta Engineering Projects Private Limited | ₹5.87 Cr (FY 2024) | •••• | •••• | •••• | Hanamkonda, Telangana, India | |
| Syv Construction Private Limited | ₹5.87 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Muzaffarpur, Bihar, India |
| Manan Infraprojects Private Limited | ₹5.86 Cr (FY 2025) | •••• | •••• | 1327.0% | •••• | Sangli, Maharashtra, India |
| Centre for Shopping Private Limited | ₹5.86 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | New Delhi, Delhi, India |
| Davda Infrastructure Private Limited | ₹5.86 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Explorer Associates by revenue in the Infrastructure industry (Construction Services), 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 Explorer Associates Private Limited
Explorer Associates Private Limited is audited by MINOCHA AND COMPANY for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MINOCHA 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 Explorer Associates Private Limited
Explorer Associates has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Khanduja Also directs: Cuisineur Hospitality India LLP, Vaastuka India LLP | Director | 18 Jan 2010 | 16 Years 8 Months | Current |
| Rajeev Khanduja Also directs: Vaastuka India LLP | Additional Director | 01 Dec 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Explorer Associates 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 Explorer Associates Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2023 | Hdfc Bank Limited | ₹10.08 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Explorer Associates Private Limited
Explorer Associates Private Limited has 6 court cases on record: 3 filed by Explorer Associates, 2 filed against it, 1 where it is another party. 1 case is pending and 5 are disposed. Status as checked between 30 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against M and R Furnishing Private Limited | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Eros Resorts and Hotels Private Limited | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against M and R Furnishing Private Limited | Disposed |
| Supreme Court | Special leave petition | Filed by the company against Eros Resorts and Hotels Private Limited | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed against the company by an individual | Disposed |
Full case history
All 6 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 Explorer Associates Private Limited
Employment history and EPFO contributions of people linked to Explorer Associates.
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 Explorer Associates Private Limited
Explorer Associates Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Rajeev Khanduja was appointed as Additional Director on 01 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Explorer Associates 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.
MSME Payment Delays by Explorer Associates Private 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 Explorer Associates 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 Explorer Associates Private Limited
Explorer Associates has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCE3011G2Z8 | Delhi | Active | 01 Jul 2017 |
| 08AACCE3011G1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 09AACCE3011G1Z5 | Uttar Pradesh | Active | 01 Jul 2017 |
| 06AACCE3011G1ZB | Haryana | Active | 17 Aug 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 Explorer Associates 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 Explorer Associates Private Limited
Explorer Associates is an active private limited company based in New Delhi, Delhi, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 18 January 2010 (16+ years old) and is registered under CIN U70102DL2010PTC198102.
Explorer Associates reported revenue of ₹5.87 Cr for FY 2025 (up 65% YoY).
Explorer Associates has 2 current directors:
- Rajesh Khanduja - Director
- Rajeev Khanduja - Additional Director
Explorer Associates reported a net profit of ₹9.85 Lakh (net margin 1.7%) and EBITDA of ₹18.17 Lakh (EBITDA margin 3.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Explorer Associates is 67% over three years. In the latest year (FY 2025) revenue rose 65%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Explorer Associates is 07AACCE3011G2Z8, registered in Delhi. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 08AACCE3011G1Z7 (Rajasthan), 09AACCE3011G1Z5 (Uttar Pradesh), 06AACCE3011G1ZB (Haryana).
The CIN (Corporate Identification Number) of Explorer Associates is U70102DL2010PTC198102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Explorer Associates has 6 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Explorer Associates was incorporated on 18 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Explorer Associates by revenue are SLS Constructions Private Limited, Sujan Builders Private Limited, Consistent Aircon Private Limited, Mradul Constructions Private Limited, R K Buildcare Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Rajeev Khanduja was appointed as Additional Director on 01 Dec 2024. Yog Dhian Khanduja ceased to be Director on 01 Dec 2024. Rajesh Khanduja was appointed as Director on 18 Jan 2010.