Fastline Projects Private Limited
About Fastline Projects Private Limited
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Fastline Projects Private Limited is a private limited company based in Kannur, Kerala, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U45200KL2009PTC024617. Its GSTIN is 32AABCF4396E1ZU (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Fastline Builders and Developers Kerala Private Limited. It is led by directors Puthiyandi Valiyandi Akhil (Managing Director) and Rikhina Akhil.
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 17/1609 Fastline Project Chelora Mathukoth, Kannur, Kerala, India – 670594.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.43 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.44 Lakh (net margin 0.4%) and EBITDA of ₹89.45 Lakh (EBITDA margin 26.1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹7.78 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Fastline Projects Private Limited's registered office is in Kannur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address17/1609 Fastline Project Chelora Mathukoth, Kannur, Kerala, India – 670594
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Fastline Projects Private 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
Business activity
The main business activity of Fastline Projects is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Fastline Projects Private Limited, buy the company report.
Financials of Fastline Projects Private Limited
FY 2024 filings availableFastline Projects Private Limited reported revenue of ₹3.43 Cr (up 355% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 355% growth in the latest year. EBITDA rose 409% 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 |
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| Total Expenses | |||||
| EBITDA | ₹89.45 Lakh | ||||
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| Net Profit (PAT) | ₹1.44 Lakh | ||||
| Balance Sheet | |||||
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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 | 26.1% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Fastline Projects Private Limited, buy the company report.
Board of directors of Fastline Projects Private Limited
Fastline Projects has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puthiyandi Valiyandi Akhil | Managing Director | 14 Aug 2009 | 17 Years 2 Months | Current |
| Rikhina Akhil | Director | 08 Dec 2022 | 3 Years 11 Months | Current |
Peer comparison
Fastline Projects Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aadith Realty Private Limited | ₹3.43 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Smid Infrastructure Private Limited | ₹3.43 Cr (FY 2021) | -43.0% | New Delhi, Delhi, India | |||
| Fastline Projects Private Limitedthis company | ₹3.43 Cr (FY 2024) | ₹1.44 Lakh | 0.4% | 355.0% | Kannur, Kerala, India | |
| Harisiva Lakshmi Builders Private Limited | ₹3.43 Cr (FY 2024) | -54.0% | Chennai, Tamil Nadu, India | |||
| Next Door Engineering Private Limited | ₹3.43 Cr (FY 2023) | Zirakpur, Punjab, India | ||||
| Rishabraj Toughcons City Homes Private Limited | ₹3.43 Cr (FY 2023) | -30.0% | Kandwala Lane Malad East, Maharashtra, India |
To see the full peer comparison of Fastline Projects Private Limited, buy the company report.
Auditor
Fastline Projects Private Limited is audited by SANKAR & MOORTHY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANKAR & MOORTHY | FY 2018 | 003575S |
Shareholding
The shareholding of Fastline Projects Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Fastline Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2024 | 100860433 | Others | ₹1.5 Cr | Open | |
| 30 Dec 2022 | 100694930 | Others | ₹40 Lakh | Open | |
| 22 Mar 2019 | 100248676 | Others | ₹1.6 Cr | Open | |
| 22 Mar 2019 | 100248679 | Others | ₹30 Lakh | Open | |
| 22 Mar 2019 | 100248681 | Others | ₹40 Lakh | Open |
To see the full charge records of Fastline Projects Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Fastline Projects Private Limited has 10 court cases on record: 7 filed by Fastline Projects, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
| High courts | 4 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kannur, Kerala | Civil suit | Filed by the company against Garden Green Realtors Pvt.Ltd and 1 other | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by The State of Kerala | Disposed |
| High Court, Kerala | Court case (OT.Rev) | Filed against the company by The State of Kerala | Disposed |
| District court, Kannur, Kerala | Petition | Filed by the company against an individual | Disposed |
| High Court of Kerala | Court case (AR) | Filed by the company against an individual | Disposed |
To see the full case history of Fastline Projects Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fastline Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fastline Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCF4396E1ZU | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fastline Projects Private Limited, buy the company report.
Recent activity
Fastline Projects Private Limited has 7 board changes on record since 2009: 2 appointments and 5 cessations. The latest: Rikhina Akhil ceased to be Additional Director on 29 Sep 2023.
8 earlier events are in the company report.
Frequently asked questions
Fastline Projects is an active private limited company based in Kannur, Kerala, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 14 August 2009 (17+ years old) and is registered under CIN U45200KL2009PTC024617.
Fastline Projects has 2 current directors:
- Puthiyandi Valiyandi Akhil - Managing Director
- Rikhina Akhil - Director
The latest financial statements of Fastline Projects 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 Fastline Projects is 32AABCF4396E1ZU, registered in Kerala. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Fastline Projects is U45200KL2009PTC024617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fastline Projects has 10 court cases on record: 7 filed by the company and 3 filed against it. Most are in the district courts.
Fastline Projects was incorporated on 14 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Fastline Projects by revenue are Aadith Realty Private Limited, Smid Infrastructure Private Limited, Harisiva Lakshmi Builders Private Limited, Next Door Engineering Private Limited, Rishabraj Toughcons City Homes Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Rikhina Akhil ceased to be Additional Director on 29 Sep 2023. Hayana Sahadevan ceased to be Director on 08 Dec 2022. Rikhina Akhil was appointed as Director on 08 Dec 2022. Fastline Projects has 7 board changes on record in total.
The registered office of Fastline Projects is at 171609 Fastline Project Chelora Mathukoth, Kannur, Kerala, India – 670594.
Fastline Projects operates in the real estate and construction industry, in the real estate builders and developers segment.
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