About Finproject India Private Limited
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Finproject India Private Limited is a foreign private limited company based in Jaipur, Rajasthan, India, a subsidiary of Asian Compounds Limited. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 06 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U24139RJ2010FTC045383. Its GSTIN is 08AABCF4445N1ZC (Rajasthan). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12.18 Cr. It is led by directors including Lorenzo Verrucci (Managing Director) and Graziana Carianni.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jaipur, Rajasthan.
As per the financials filed for FY 2025, the company reported a revenue of ₹96.1 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 1.4%) and EBITDA of ₹5.94 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
The company has about 387 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finproject. Court records list 7 cases involving the company, including 7 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finproject.com.
Company details
CIN history
Finproject India has one previous CIN (Corporate Identification Number): U24139MH2010FTC198571. The current CIN is U24139RJ2010FTC045383, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24139RJ2010FTC045383 | Current |
| U24139MH2010FTC198571 | Previous |
Contact details
Finproject India Private Limited's registered office is in Jaipur, Rajasthan. Its website is finproject.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. Sp – 1013 RIICO Industrial Area Sitapura – Phase, III, Jaipur, Rajasthan, India – 302022
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Finproject India 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
Brands
Finproject India operates one associated brand: Finproject. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Compact and expanded PVC compounds are manufactured for multiple sectors. | finproject.com |
Business activity
The main business activity of Finproject India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Finproject India Private Limited, buy the company report.
Financials of Finproject India Private Limited
FY 2025 filings availableFinproject India Private Limited reported revenue of ₹96.1 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 5% growth in the latest year. EBITDA fell 18% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.94 Cr | ||||
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| Net Profit (PAT) | ₹1.36 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Finproject India Private Limited, buy the company report.
Board of directors of Finproject India Private Limited
Finproject India has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lorenzo Verrucci | Managing Director | 06 Jan 2010 | 16 Years 9 Months | Current |
| Graziana Carianni Also directs: Versalis Pacific (India) Private Limited | Director | 27 Sep 2023 | 3 Years 0 Months | Current |
| Raffaele Francesco Brunori Also directs: Versalis Pacific (India) Private Limited | Director | 16 Dec 2020 | 5 Years 10 Months | Current |
| Luciano Carcaiso | Additional Director | Current | ||
| Giuseppe Muller | Director | 09 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Finproject India Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shoe Variants Private Limited | ₹102.66 Cr (FY 2025) | -4.0% | Jalandhar, Punjab, India | |||
| Delta Shoes Private Limited | ₹101.48 Cr (FY 2025) | -5.0% | Vaniyambadi, Tamil Nadu, India | |||
| Finproject India Private Limitedthis company | ₹96.1 Cr (FY 2025) | ₹1.36 Cr | 1.4% | 5.0% | 387 | Jaipur, Rajasthan, India |
| Boyzone Polymers India Private Limited | ₹95.98 Cr (FY 2025) | -24.0% | Kozhikode, Kerala, India | |||
| Kenmore Shoes Private Limited | ₹95.82 Cr (FY 2024) | 6.0% | Bangalore, Karnataka, India | |||
| Tej International Pvt Ltd. | ₹94.77 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Finproject India Private Limited, buy the company report.
Auditor
Finproject India Private Limited is audited by S Bhandari as Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S Bhandari as Co LLP | FY 2023 | 000560C/C400334 |
Shareholding
The shareholding of Finproject India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Finproject India Private Limited, buy the company report.
Legal cases
Finproject India Private Limited has 7 court cases on record: 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by an individual | Disposed |
| District court, Jaipur Metro I, Rajasthan | Execution petition | Filed against the company by an individual | Disposed |
| District court, Jaipur Metro I, Rajasthan | Execution petition | Filed against the company by an individual | Disposed |
| District court, Jaipur Metro II, Rajasthan | Execution petition | Filed against the company by an individual | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax - 1 | Disposed |
To see the full case history of Finproject India 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 Finproject India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Finproject India Private Limited has a workforce of 387 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Finproject India has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCF4445N1ZC | Rajasthan | Active | 01 Jul 2017 |
| 08AAGFS7543C1Z6 | Rajasthan | Active | 01 Jul 2017 |
| 08AAGFS7543C2Z5 | Rajasthan | Active | 01 Apr 2025 |
| 27AAGFS7543C1Z6 | Maharashtra | Active | 13 Jul 2017 |
To see the full GST registrations and return filing status of Finproject India Private Limited, buy the company report.
Recent activity
Finproject India Private Limited has 12 board changes on record since 2010: 4 appointments and 8 cessations. The latest: Giuseppe Muller ceased to be Additional Director on 29 Sep 2025.
3 earlier events are in the company report.
Frequently asked questions
Finproject India is an active foreign private limited company based in Jaipur, Rajasthan, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 06 January 2010 (16+ years old) and is registered under CIN U24139RJ2010FTC045383.
Finproject India has 5 current directors:
- Lorenzo Verrucci - Managing Director
- Graziana Carianni - Director
- Raffaele Francesco Brunori - Director
- Luciano Carcaiso - Additional Director
- Giuseppe Muller - Director
The latest financial statements of Finproject India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Finproject India is 08AABCF4445N1ZC, registered in Rajasthan. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAGFS7543C1Z6 (Rajasthan), 08AAGFS7543C2Z5 (Rajasthan), 27AAGFS7543C1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Finproject India is U24139RJ2010FTC045383. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finproject India has 7 court cases on record: 7 filed against it. Most are in the district courts.
Finproject India was incorporated on 06 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Finproject India by revenue are Shoe Variants Private Limited, Delta Shoes Private Limited, Boyzone Polymers India Private Limited, Kenmore Shoes Private Limited, Tej International Pvt Ltd, all in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Giuseppe Muller ceased to be Additional Director on 29 Sep 2025. Giuseppe Muller was appointed as Director on 09 May 2025. Graziana Carianni ceased to be Director on 17 Dec 2024. Finproject India has 12 board changes on record in total.
Finproject India can be reached through the website finproject.com. Its registered office is in Jaipur, Rajasthan, India.
The registered office of Finproject India is at Plot No. Sp – 1013 RIICO Industrial Area Sitapura – Phase, III, Jaipur, Rajasthan, India – 302022.