About Gactel Turnkey Projects Limited
Data last updated: 24 July 2025
Gactel Turnkey Projects Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Gammon India Limited. 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. The company specialises in engineering. Incorporated on 17 May 1995, the company has been in operation for over 31 years.
Registered with ROC Mumbai under CIN U40101MH1995PLC088439.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.05 Cr. Formerly known as Gammon Cooling Towers Limited and Gammon Power Limited. It is led by directors including Ajit Balubhai Desai and Kumar Raghavan.
Last AGM: 28 September 2018. Financial statements filed for year ended 31 March 2018. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹6.69 Cr, a decline of 55% compared to the previous year.
The company has a workforce of approximately 1 employees as per the latest available data. It operates as a subsidiary of Gammon India Limited.
As per MCA filings, the company has open charges of ₹160 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is gactel.com.
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Registered AddressFloor 3Rd Plot No – 3/8 Hamilton House J.N. Heredia Marg Ballard Estate Mumba, I 400038, Mumbai, Maharashtra, India – 400038
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IndustryEngineering, Engineering, Procurement & Construction (EPC)
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited has undergone 2 name changes throughout its history. The company was previously known as Gammon Cooling Towers Limited, and Gammon Power Limited. The current legal name is Gactel Turnkey Projects Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Gactel Turnkey Projects Limited | Current |
| Gammon Cooling Towers Limited | Previous |
| Gammon Power Limited | Previous |
CIN History of Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited has one previous CIN (Corporate Identification Number): U40101MH1995PTC088439. The current CIN is U40101MH1995PLC088439, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40101MH1995PLC088439 | Current |
| U40101MH1995PTC088439 | Previous |
Business Activity of Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details for Gactel Turnkey Projects Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited is audited by CHAITANYA C DALAL & CO for the financial year 2018. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHAITANYA C DALAL & CO | Locked | Locked | Locked |
Complete auditor history for Gactel Turnkey Projects Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited is currently managed by 4 directors, with 6 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Balubhai Desai | Director | 02 Aug 2004 | 22 Years 0 Months | As last reported |
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Kumar Raghavan
Also directs:
Solvenza Advisory Llp
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Irp/Rp/Liquidator | 05 Jun 2024 | 2 Years 2 Months | As last reported |
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Ashok Lakhmichand Bhatia
Also directs:
Bhagirathi Bridge Construction Co Private Limited
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Director | 16 Apr 2007 | 19 Years 4 Months | As last reported |
| Venakataramana Narayana Heggade | Director | 26 Jul 2016 | 10 Years 0 Months | As last reported |
Financials of Gactel Turnkey Projects Limited FY 2018 filings available
Gactel Turnkey Projects Limited reported revenue of ₹6.69 Cr (down 55.00% YoY) for FY 2018.
Ten-year financial statements for Gactel Turnkey Projects Limited
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Ownership and Shareholding of Gactel Turnkey Projects Limited
Shareholding and ownership data for Gactel Turnkey Projects Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Charges & Borrowings of Gactel Turnkey Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2013 | Others | ₹160 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited has a workforce of 1 employees as of Mar 29, 2024.
Employee and EPFO history for Gactel Turnkey Projects Limited
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GST Compliance of Gactel Turnkey Projects Limited
GST registrations and filing compliance for Gactel Turnkey Projects Limited
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Credit Ratings, Litigation & Regulatory Alerts for Gactel Turnkey Projects Limited
Credit ratings, litigation, and regulatory alerts for Gactel Turnkey Projects Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Gactel Turnkey Projects Limited
MSME payment history for Gactel Turnkey Projects Limited
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Subsidiaries & Group Companies of Gactel Turnkey Projects Limited
Corporate group structure for Gactel Turnkey Projects Limited
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MCA Filings & Documents of Gactel Turnkey Projects Limited
MCA filings and documents for Gactel Turnkey Projects Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Gactel Turnkey Projects Limited
Frequently Asked Questions about Gactel Turnkey Projects Limited
Gactel Turnkey Projects Limited 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.
Gactel Turnkey Projects Limited is a company under insolvency, formerly operating as a public limited company in the engineering sector based in Mumbai, Maharashtra, India. It was incorporated on 17 May 1995 and is registered under CIN U40101MH1995PLC088439. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gactel Turnkey Projects Limited reported revenue of ₹6.69 Cr for FY 2018 (down 55.00% YoY).
The current directors of Gactel Turnkey Projects Limited are:
- Ajit Balubhai Desai - Director
- Kumar Raghavan - Irp/Rp/Liquidator
- Ashok Lakhmichand Bhatia - Director
- Venakataramana Narayana Heggade - Director
The CIN (Corporate Identification Number) of Gactel Turnkey Projects Limited is U40101MH1995PLC088439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gactel Turnkey Projects Limited has open charges of ₹160 Cr and no satisfied charges on record as per latest MCA filings.